Fesh Fash net profit rises 10% to SAR 1.5 mln in 2022
30/03/2023
Argaam Exclusive
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Fesh Fash Snack Food Production Co. posted a net profit of SAR 1.5 million in 2022, a 10% increase from SAR 1.4 million a year earlier.
Financials (M)
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 29.82 | 31.46 | 5.5 % |
| Gross Income | 8.77 | 8.12 | (7.4 %) |
| Operating Income | 1.57 | 1.76 | 12.1 % |
| Net Income | 1.40 | 1.54 | 9.7 % |
| Average Shares | 11.30 | 11.30 | - |
| EPS (Riyals) | 0.12 | 0.14 | 9.7 % |
The positive performance was driven by lower general, administrative, sales, and marketing expenses along with operating costs. In addition, the company recorded higher selling prices for some products.
Compared With The
Current Half Annual Comparison (M)
| Item | H2 2021 | H2 2022 | Change |
|---|---|---|---|
| Revenues | 15.69 | 15.74 | 0.4 % |
| Gross Income | 3.78 | 3.42 | (9.5 %) |
| Operating Income | (0.61) | (0.57) | 6.9 % |
| Net Income | (0.65) | (0.72) | (10.9 %) |
| Average Shares | 11.30 | 11.30 | - |
| EPS (Riyals) | (0.06) | (0.06) | (10.9 %) |
Shareholders’ equity, no minority interest, stood at SAR 14.31 million as of Dec. 31, 2022, compared to SAR 14.01 million a year earlier.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2022 | 15.71 | 11.2 % | 4.71 | (5.8 %) | 2.32 | 6.8 % |
| H2 2022 | 15.74 | 0.4 % | 3.42 | (9.5 %) | (0.57) | 6.9 % |
| 2022 | 31.46 | 5.5 % | 8.12 | (7.4 %) | 1.76 | 12.1 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| H1 2022 | 2.26 | 10.1 % | 0.20 | - | 2.26 | 0.20 |
| H2 2022 | (0.72) | (10.9 %) | (0.06) | - | (0.72) | (0.06) |
| 2022 | 1.54 | 9.7 % | 0.14 | - | 1.54 | 0.14 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2022 | 27.01 % | 10.88 % | 5.12 % |
| H2 2022 | 25.82 % | 11.31 % | 4.89 % |
| 2022 | 25.82 % | 11.31 % | 4.89 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| H1 2022 | 11.30 | 0.14 | 0.14 | 1.34 |
| H2 2022 | 11.30 | 0.14 | 0.14 | 1.27 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| H1 2022 | More than 100 | More than 100 | 12.97 |
| H2 2022 | More than 100 | More than 100 | 11.46 |
| Current | |
| Market Cap (M Riyal) | 186.45 |
| Enterprise Value (EV) (M) | 187.91 |
| Shares Outstanding ((M)) | 11.30 |
| Book Value (BV) ( Riyal) | 1.32 |
| Par Value ( Riyal) | 1.00 |
| Adjusted P/E (Last12) | More than 100 |
| Price/book | 12.46 |
Share Price
Fesh Fash Snack Food Production Co. (FESH FASH)
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