Tanmiah Food reports net profit of SAR 21M in Q1 2024

Tanmiah Food reports net profit of SAR 21M in Q1 2024

12/05/2024 Argaam Exclusive

View other reports

Tanmiah Food Co. reported a net profit of SAR 21 million Q1 2024, unchanged from the year-ago period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 484.48 581.36 20.0 %
Gross Income 119.95 144.46 20.4 %
Operating Income 32.21 35.50 10.2 %
Net Income 20.99 20.96 (0.2 %)
Average Shares 20.00 20.00 -
EPS (Riyals) 1.05 1.05 (0.2 %)

Tanmiah recorded a 20% improvement in revenues in Q1 2024, reaching SAR 581.4 million, in line with the continued growth of all business segments.

 

It witnessed a 20.42% rise in gross profit to SAR 144.5 million, in line with the improvement in revenues, outweighing the increase in cost of sales.

 

In addition, operating profit grew by 8.52% to SAR 39.5 million, despite a 25.8% rise in general and administrative expenses during the period.

 

Net profit for Q1 2023 included a one-off subsidy of SAR 15.29 million.

 

Sequentially, Tanmiah’s first-quarter earnings retreated 20.4% from SAR 26.37 million in Q4 2023, due to a slight rise in sales, general and administrative expenses.

 

Shareholders' equity, excluding minority interest, at the end of Q1 2024 amounted to SAR 639.8 million, compared to SAR 635.4 million a year earlier.

Attached Documents:

 

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2015 - - - - - -
Q2 2015 - - - - - -
Q3 2015 - - - - - -
Q4 2015 - - - - - -
Q1 2016 - - - - - -
Q2 2016 - - - - - -
Q3 2016 - - - - - -
Q4 2016 - - - - - -
Q1 2017 - - - - - -
Q2 2017 - - - - - -
Q3 2017 - - - - - -
Q4 2017 - - - - - -
Q1 2018 - - - - - -
Q2 2018 - - - - - -
Q3 2018 - - - - - -
Q4 2018 - - - - - -
Q1 2019 - - - - - -
Q2 2019 - - - - - -
Q3 2019 - - - - - -
Q4 2019 - - - - - -
Q1 2020 295.62 - 73.03 - 24.14 -
Q2 2020 280.14 - 66.29 - 18.10 -
Q3 2020 304.29 - 79.06 - 25.04 -
Q4 2020 331.88 - 91.26 - 38.91 -
Q1 2021 368.34 24.6 % 89.32 22.3 % 26.12 8.2 %
Q2 2021 366.52 30.8 % 78.18 17.9 % 9.59 (47.0 %)
Q3 2021 389.94 28.1 % 85.14 7.7 % 11.27 (55.0 %)
Q4 2021 414.53 24.9 % 74.05 (18.9 %) (1.37) (103.5 %)
Q1 2022 340.62 (7.5 %) 70.43 (21.2 %) (2.28) (108.7 %)
Q2 2022 436.10 19.0 % 109.24 39.7 % 28.13 193.3 %
Q3 2022 471.54 20.9 % 121.31 42.5 % 35.15 212.0 %
Q4 2022 478.78 15.5 % 119.22 61.0 % 33.89 2568.1 %
Q1 2023 484.48 42.2 % 119.95 70.3 % 32.21 1510.2 %
Q2 2023 498.66 14.3 % 105.94 (3.0 %) 17.84 (36.6 %)
Q3 2023 533.74 13.2 % 117.37 (3.2 %) 32.10 (8.7 %)
Q4 2023 576.22 20.4 % 151.51 27.1 % 43.21 27.5 %
Q1 2024 581.36 20.0 % 144.46 20.4 % 35.50 10.2 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2015 - - - - - -
Q2 2015 - - - - - -
Q3 2015 - - - - - -
Q4 2015 - - - - - -
Q1 2016 - - - - - -
Q2 2016 - - - - - -
Q3 2016 - - - - - -
Q4 2016 - - - - - -
Q1 2017 - - - - - -
Q2 2017 - - - - - -
Q3 2017 - - - - - -
Q4 2017 - - - - - -
Q1 2018 - - - - - -
Q2 2018 - - - - - -
Q3 2018 - - - - - -
Q4 2018 - - - - - -
Q1 2019 - - - - - -
Q2 2019 - - - - - -
Q3 2019 - - - - - -
Q4 2019 - - - - - -
Q1 2020 16.05 - 0.80 - 16.05 0.80
Q2 2020 10.46 - 0.52 - 10.46 0.52
Q3 2020 17.52 - 0.88 - 17.52 0.88
Q4 2020 30.38 - 1.52 - 30.38 1.52
Q1 2021 18.79 17.1 % 0.94 - 18.79 0.94
Q2 2021 3.42 (67.3 %) 0.17 - 3.42 0.17
Q3 2021 3.71 (78.8 %) 0.19 - 3.71 0.19
Q4 2021 (12.36) (140.7 %) (0.62) - (12.36) (0.62)
Q1 2022 1.54 (91.8 %) 0.08 - 1.54 0.08
Q2 2022 30.20 783.6 % 1.51 - 30.20 1.51
Q3 2022 31.74 754.8 % 1.59 - 31.74 1.59
Q4 2022 123.33 1097.5 % 6.17 101.93 21.40 1.07
Q1 2023 20.99 1261.1 % 1.05 - 20.99 1.05
Q2 2023 11.41 (62.2 %) 0.57 - 11.41 0.57
Q3 2023 17.17 (45.9 %) 0.86 - 17.17 0.86
Q4 2023 26.37 (78.6 %) 1.32 - 26.37 1.32
Q1 2024 20.96 (0.2 %) 1.05 - 20.96 1.05

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 - - -
Q4 2020 25.55 % 15.05 % 6.14 %
Q1 2021 25.37 % 16.42 % 6.01 %
Q2 2021 24.64 % 13.83 % 5.11 %
Q3 2021 23.61 % 12.39 % 3.87 %
Q4 2021 21.22 % 9.43 % 0.88 %
Q1 2022 20.36 % 7.73 % (0.24 %)
Q2 2022 21.43 % 9.03 % 1.46 %
Q3 2022 22.55 % 10.56 % 3.07 %
Q4 2022 24.33 % 11.67 % 4.91 %
Q1 2023 25.11 % 12.81 % 5.58 %
Q2 2023 24.12 % 12.00 % 4.42 %
Q3 2023 23.17 % 11.51 % 3.56 %
Q4 2023 23.64 % 12.25 % 3.63 %
Q1 2024 23.71 % 12.22 % 3.47 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2015 - - - -
Q2 2015 - - - -
Q3 2015 - - - -
Q4 2015 - - - -
Q1 2016 - - - -
Q2 2016 - - - -
Q3 2016 - - - -
Q4 2016 - - - -
Q1 2017 - - - -
Q2 2017 - - - -
Q3 2017 - - - -
Q4 2017 - - - -
Q1 2018 - - - -
Q2 2018 - - - -
Q3 2018 - - - -
Q4 2018 - - - -
Q1 2019 - - - -
Q2 2019 - - - -
Q3 2019 - - - -
Q4 2019 - - - -
Q1 2020 20.00 - - -
Q2 2020 20.00 - - -
Q3 2020 20.00 - - -
Q4 2020 20.00 3.72 3.72 17.38
Q1 2021 20.00 3.86 3.86 18.32
Q2 2021 20.00 3.51 3.51 18.50
Q3 2021 20.00 2.82 2.82 18.68
Q4 2021 20.00 0.68 0.68 17.81
Q1 2022 20.00 (0.18) (0.18) 17.89
Q2 2022 20.00 1.15 1.15 18.89
Q3 2022 20.00 2.56 2.56 20.48
Q4 2022 20.00 9.34 4.24 30.72
Q1 2023 20.00 10.31 5.22 31.77
Q2 2023 20.00 9.37 4.28 28.85
Q3 2023 20.00 8.65 3.55 29.71
Q4 2023 20.00 3.80 3.80 30.94
Q1 2024 20.00 3.80 3.80 31.99

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 - - -
Q4 2020 - - -
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 38.08 38.08 5.74
Q4 2021 More than 100 More than 100 4.61
Q1 2022 NEG NEG 4.50
Q2 2022 59.50 59.50 3.64
Q3 2022 41.32 41.32 5.16
Q4 2022 14.05 30.91 4.27
Q1 2023 12.47 24.65 4.05
Q2 2023 13.46 29.51 4.37
Q3 2023 10.83 26.38 3.15
Q4 2023 27.13 27.13 3.33
Q1 2024 37.15 37.15 4.41

Business Segments (Million)

Compared With The
Period Fresh Poultry Animal Feed and Health Food franchise operator
Q1 2022 295.40 41.30 4.00
Q2 2022 380.50 49.70 5.80
Q3 2022 394.70 70.10 6.70
Q4 2022 392.30 73.40 13.10
Q1 2023 406.00 61.50 17.00
Q2 2023 419.70 59.00 20.00
Q3 2023 433.41 76.71 23.68
Q4 2023 463.10 85.50 27.70
Q1 2024 480.40 72.50 28.50

Analysts Estimates (Million)

Item Q1 2024 (e) Q1 2024 (a) Change‬
Average 30.50 20.96 (31.3 %)

Estimates vs Actual (Million)

Item Q1 2024 (e) Q1 2024 (a) Change
GIB Capital 30.00 20.96 (30.2) %
Al Rajhi Capital 31.00 20.96 (32.4) %


Financial Ratios
Current
Market Cap (M Riyal) 2,452.00
Enterprise Value (EV) (M) 2,803.56
Shares Outstanding ((M)) 20.00
EPS ( Riyal) (TTM) 4.77
Book Value (BV) ( Riyal) 32.50
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 25.69
P/E (TTM) 25.69
Price/book 3.77
Return on Average Assets (%) (TTM) 4.6
Return on Average Equity (%) (TTM) 15.3
more

Share Price

Tanmiah Food Co.
122.60
0.40 0.33 %

Tanmiah Food Co. (TANMIAH)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.