Foods Gate’s net profit edges up to SAR 8.4M in 2023

28/03/2024 Argaam Exclusive

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Share Price

Foods Gate Trading Co.
58.20
0.10 0.17 %

Foods Gate Trading Co. (FOOD GATE)

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Foods Gate Trading Co. reported a net profit of SAR 8.4 million for 2023, compared to SAR 8.3 million a year earlier, backed by 18.2% lower year-on-year (YoY) general and administrative expenses (G&As) despite a decline in sales.



Financials (M)

Item 2022 2023 Change‬
Revenues 61.59 59.37 (3.6 %)
Gross Income 18.12 18.46 1.9 %
Operating Income 8.03 9.39 16.9 %
Net Income 8.35 8.40 0.7 %
Average Shares 2.10 2.10 -
EPS (Riyals) 3.97 4.00 0.7 %


Total shareholders’ equity, no minority interest, stood at SAR 45.86 million by Dec. 31, 2023, compared to SAR 37.24 million a year ago.

 

Historical Data

Period

Revenue (SAR mln)

Net profit (SAR mln)

EPS (SAR /share)

H1 2021

25.09

1.76

0.84

H2 2021

34.93

3.88

1.85

H1 2022

31.76

6.41

3.05

H2 2022

29.83

1.94

0.92

H1 2023

28.57

5.37

2.56

H2 2023

30.80

3.03

1.44

 

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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