Fesh Fash profit up 50% to SAR 2.1M in H1 2024

Fesh Fash profit up 50% to SAR 2.1M in H1 2024

01/08/2024 Argaam Exclusive

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Fesh Fash Snack Food Production Co. reported a net profit increase of 50% to SAR 2.1 million in the first half of 2024, from SAR 1.4 million in the prior-year period.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 17.35 18.98 9.4 %
Gross Income 4.83 6.22 28.6 %
Operating Income 1.48 2.19 47.8 %
Net Income 1.38 2.07 49.9 %
Average Shares 11.30 11.30 -
EPS (Riyals) 0.12 0.18 49.9 %

The six-month profit was driven by a 9.37% year-on-year (YoY) increase in revenue.

 

On the other hand, general and administrative expenses rose by 37% YoY due to amendments to settlement entries.

 

Moreover, potato purchasing prices dropped 57% YoY in the same period.

 

Total shareholders’ equity, no minority interest, rose to SAR 14.99 million as of June 30, 2024, from SAR 13.99 million a year earlier.

 

Historical Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2020

16.55

2.45

0.22

H2 2020

15.05

1.48

0.13

H1 2021

14.13

2.05

0.18

H2 2021

15.69

(0.65)

(0.06)

H1 2022

15.71

2.26

0.2

H2 2022

15.75

(0.72)

(0.06)

H1 2023

17.35

1.38

0.12

H2 2023

16.63

1.16

0.10

H1 2024

18.98

2.07

0.18


Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 17.35 18.98 9.4 %
Gross Income 4.83 6.22 28.6 %
Operating Income 1.48 2.19 47.8 %
Net Income 1.38 2.07 49.9 %
Average Shares 11.30 11.30 -
EPS (Riyals) 0.12 0.18 49.9 %

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 16.55 - 4.48 - 2.43 -
H2 2020 15.04 - 4.17 - 1.56 -
H1 2021 14.13 (14.6 %) 5.00 11.6 % 2.18 (10.4 %)
H2 2021 15.69 4.3 % 3.78 (9.3 %) (0.61) (139.1 %)
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 %
H1 2023 17.35 10.4 % 4.83 2.7 % 1.48 (36.2 %)
H2 2023 16.63 5.6 % 5.19 52.0 % 1.34 336.1 %
H1 2024 18.98 9.4 % 6.22 28.6 % 2.19 47.8 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 2.45 - 0.22 - 2.45 0.22
H2 2020 1.49 - 0.13 - 1.49 0.13
H1 2021 2.05 (16.2 %) 0.18 - 2.05 0.18
H2 2021 (0.65) (143.6 %) (0.06) - (0.65) (0.06)
H1 2022 2.26 10.1 % 0.20 - 2.26 0.20
H2 2022 (0.72) (10.9 %) (0.06) - (0.72) (0.06)
H1 2023 1.38 (39.0 %) 0.12 - 1.38 0.12
H2 2023 1.17 262.1 % 0.10 - 1.17 0.10
H1 2024 2.07 49.9 % 0.18 - 2.07 0.18

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 27.35 % 17.34 % 12.45 %
H1 2021 31.40 % 18.67 % 12.12 %
H2 2021 29.42 % 11.75 % 4.70 %
H1 2022 27.01 % 10.88 % 5.12 %
H2 2022 25.82 % 11.31 % 4.89 %
H1 2023 24.93 % 8.51 % 1.99 %
H2 2023 29.50 % 13.10 % 7.48 %
H1 2024 32.04 % 14.71 % 9.07 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 11.30 - - -
H2 2020 11.30 0.35 0.35 1.42
H1 2021 11.30 0.31 0.31 1.30
H2 2021 11.30 0.12 0.12 1.24
H1 2022 11.30 0.14 0.14 1.34
H2 2022 11.30 0.14 0.14 1.27
H1 2023 11.30 0.06 0.06 1.24
H2 2023 11.30 0.23 0.23 1.32
H1 2024 11.30 0.29 0.29 1.33

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 87.87 87.87 21.19
H2 2021 More than 100 More than 100 29.76
H1 2022 More than 100 More than 100 12.97
H2 2022 More than 100 More than 100 11.46
H1 2023 More than 100 More than 100 14.13
H2 2023 77.31 77.31 13.14
H1 2024 57.70 57.70 12.44


Financial Ratios
Current
Market Cap (M Riyal) 188.26
Enterprise Value (EV) (M) 189.72
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 12.59
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Share Price

Fesh Fash Snack Food Production Co.
16.66
0.32 1.96 %

Fesh Fash Snack Food Production Co. (FESH FASH)

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