Raydan Food Co. narrowed its net loss after Zakat and tax to SAR 21 million in the first nine months of 2022, from SAR 31 million in the prior-year period.
| Item | 9m 2021 | 9m 2022 | Change |
|---|---|---|---|
| Revenues | 95.91 | 124.04 | 29.3 % |
| Gross Income | (7.53) | 10.37 | 237.6 % |
| Operating Income | (26.09) | (9.86) | 62.2 % |
| Net Income | (30.96) | (21.00) | 32.2 % |
| Average Shares | 15.81 | 15.81 | - |
| EPS (Riyals) | (1.96) | (1.33) | 32.2 % |
The company attributed the improved results to higher sales as well as lower general and administrative expenses, in addition to a decline in financing expenses.
The company turned to a net profit after Zakat and tax of SAR 911,000 for Q3 2022, against a loss of SAR 17.4 million in the same quarter last year, mainly due to higher sales.
| Item | Q3 2021 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 29.83 | 43.65 | 46.3 % |
| Gross Income | (4.90) | 5.46 | 211.4 % |
| Operating Income | (14.29) | 0.52 | 103.7 % |
| Net Income | (17.47) | 0.91 | 105.2 % |
| Average Shares | 15.81 | 15.81 | - |
| EPS (Riyals) | (1.10) | 0.06 | 105.2 % |
| Item | Q2 2022 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 43.05 | 43.65 | 1.4 % |
| Gross Income | 2.54 | 5.46 | 114.6 % |
| Operating Income | (6.61) | 0.52 | 107.9 % |
| Net Income | (17.20) | 0.91 | 105.3 % |
| Average Shares | 15.81 | 15.81 | - |
| EPS (Riyals) | (1.09) | 0.06 | 105.3 % |
On a sequential basis, the company tuned profitable from SAR 17.20 million losses.
Accumulated losses stood at SAR 178.503 million as of Sept. 30, 2022, representing 52.89% of the company’s capital.
Shareholders’ equity, after deducting minority interest, reached SAR 186.83 million as of Sept. 30, 2022, from SAR 256.18 million in the same period last year.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}