FADECO’s net profit rises 59% to SAR 6M in 2023

26/03/2024 Argaam Exclusive

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Share Price

Arabian Food and Dairy Factories Co.
82.10
0.10 0.12 %

Arabian Food and Dairy Factories Co. (FADECO)

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Arabian Food and Dairy Factories Co. (FADECO) reported a net profit of SAR 6 million for 2023, a 59% hike from SAR 3.8 million a year earlier.



Financials (M)

Item 2022 2023 Change‬
Revenues 58.04 62.19 7.2 %
Gross Income 23.37 28.77 23.1 %
Operating Income 4.09 6.07 48.5 %
Net Income 3.77 6.00 59.0 %
Average Shares 1.41 1.41 -
EPS (Riyals) 2.68 4.25 59.0 %

The profit jump was fuelled by expansion of sales points in Saudi Arabia, lower price of raw materials and higher sales volumes.



Total shareholders’ equity, no minority interest, stood at SAR 31.71 million by Dec. 31, 2023, compared to SAR 28.96 million a year ago.

 

Historical Data

Period

Revenue (SAR mln)

Net profit (SAR mln)

EPS (SAR /share)

H1 2020

24.42

3.75

2.66

H2 2020

29.03

5.63

3.99

H1 2021

24.80

3.48

2.47

H2 2021

27.44

2.54

1.80

H1 2022

27.13

(0.20)

(0.14)

H2 2022

30.91

3.97

2.82

H1 2023

30.02

2.09

1.48

H2 2023

32.17

3.91

2.77

 

View more financial results

 

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The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

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