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

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

26/03/2024 Argaam Exclusive

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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

 


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2014 - - - - - - -
Q2 2014 - - - - - - -
Q3 2014 - - - - - - -
Q4 2014 - - - - - - -
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 20.25 - 8.91 - 4.28 - 3.03
Q4 2020 8.78 - 4.93 - 1.36 - 0.96
Q1 2021 - - - - - - -
Q2 2021 - - - - - - -
Q3 2021 18.97 (6.3 %) 8.07 (9.5 %) 3.28 (23.3 %) 2.33
Q4 2021 8.47 (3.4 %) 2.36 (52.2 %) (0.75) (154.9 %) (0.53)
Q1 2022 - - - - - - -
Q2 2022 - - - - - - -
Q3 2022 - - - - - - -
Q4 2022 - - - - - - -
Q1 2023 - - - - - - -
Q2 2023 - - - - - - -
Q3 2023 - - - - - - -
Q4 2023 - - - - - - -
2023 62.19 7.2 % 28.77 23.1 % 6.00 59.0 % 4.25

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
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 44.01 % - 21.14 %
Q4 2020 47.69 % - 19.43 %
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 45.65 % - 18.59 %
Q4 2021 42.97 % - 14.48 %
Q1 2022 - - -
Q2 2022 - - -
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 - - -
2023 46.25 % 15.37 % 9.64 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
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 1.41 3.03 3.03 -
Q4 2020 1.41 4.00 4.00 19.54
Q1 2021 - - - -
Q2 2021 - - - -
Q3 2021 1.41 6.33 6.33 21.14
Q4 2021 1.41 5.80 5.80 19.93
Q1 2022 - - - -
Q2 2022 - - - -
Q3 2022 - - - -
Q4 2022 - - - -
Q1 2023 - - - -
Q2 2023 - - - -
Q3 2023 - - - -
Q4 2023 - - - -

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
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 - - -
Q4 2021 - - -
Q1 2022 - - -
Q2 2022 - - -
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 - - -

Business Segments (Million)

Compared With The
Period Retail outlet customer Corporate customers


Financial Ratios
Current
Market Cap (M Riyal) 119.85
Enterprise Value (EV) (M) 111.34
Shares Outstanding ((M)) 1.41
Book Value (BV) ( Riyal) 22.50
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 19.98
Price/book 3.78
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Share Price

Arabian Food and Dairy Factories Co.
85.00
1.20 1.43 %

Arabian Food and Dairy Factories Co. (FADECO)

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