AlBabtain Food's 2023 earnings sink 60% to SAR 5.8M

AlBabtain Food's 2023 earnings sink 60% to SAR 5.8M

27/03/2024 Argaam Exclusive

View other reports

Abdulaziz and Mansour Ibrahim Albabtin Co. (AlBabtain Food) reported a net profit drop of 60% to SAR 5.8 million in 2023, compared to SAR 14.4 million in the year before.



Financials (M)

Item 2022 2023 Change‬
Revenues 126.89 144.33 13.7 %
Gross Income 36.77 34.77 (5.4 %)
Operating Income 10.10 5.67 (43.8 %)
Net Income 14.39 5.82 (59.6 %)
Average Shares 3.40 3.40 -
EPS (Riyals) 4.23 1.71 (59.6 %)

The annual profit slump was attributed to high prices of raw materials and shipping costs during the year, coupled with a modest hike in operating expenses and lower other revenues.

 

This was offset by higher sales in 2023 due to the company’s product diversification and geographical spread. It also managed to not raise selling prices despite their market increase, which was reflected in an uptick in sales.



Total shareholders' equity, no minority interest, amounted to SAR 63.8 million by Dec. 31, 2023, up from SAR 59.5 million a year ago.

 

Historical Data

Period

Revenues

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2021

55.10

5.78

1.70

H2 2021

72.64

10.09

2.97

H1 2022

62.69

5.66

1.67

H2 2022

64.20

8.73

2.57

H1 2023

65.16

3.04

0.89

H2 2023

79.15

2.76

0.81

 

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 - - - - - - -
Q4 2020 - - - - - - -
Q1 2021 - - - - - - -
Q2 2021 33.17 - 9.81 - 3.66 - 1.08
Q3 2021 - - - - - - -
Q4 2021 - - - - - - -
Q1 2022 28.85 - 8.57 - 2.96 - 0.87
Q2 2022 33.83 2.0 % 9.61 (2.0 %) 2.70 (26.2 %) 0.79
Q3 2022 - - - - - - -
Q4 2022 - - - - - - -
Q1 2023 28.85 0.0 % 7.48 (12.8 %) 0.78 (73.6 %) 0.23
Q2 2023 36.31 7.3 % 9.72 1.1 % 2.26 (16.4 %) 0.66
Q3 2023 - - - - - - -
Q4 2023 - - - - - - -
2023 144.33 13.7 % 34.77 (5.4 %) 5.82 (59.6 %) 1.71

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 - - -
Q4 2020 - - -
Q1 2021 - - -
Q2 2021 29.56 % - 11.04 %
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 29.63 % - 10.68 %
Q2 2022 29.19 % - 9.73 %
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 28.44 % - 8.10 %
Q2 2023 27.67 % - 6.81 %
Q3 2023 - - -
Q4 2023 - - -
2023 24.09 % 5.40 % 4.03 %


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 - - - -
Q4 2020 - - - -
Q1 2021 - - - -
Q2 2021 3.40 1.08 1.08 11.88
Q3 2021 - - - -
Q4 2021 - - - -
Q1 2022 3.40 1.95 1.95 -
Q2 2022 3.40 2.74 2.74 14.82
Q3 2022 - - - -
Q4 2022 - - - -
Q1 2023 3.40 2.97 2.97 -
Q2 2023 3.40 2.56 2.56 17.90
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 14.80 14.80 -
Q2 2023 20.39 20.39 2.92
Q3 2023 - - -
Q4 2023 - - -


Financial Ratios
Current
Market Cap (M Riyal) 139.40
Enterprise Value (EV) (M) 137.32
Shares Outstanding ((M)) 3.40
Book Value (BV) ( Riyal) 18.77
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 23.96
Price/book 2.18
more

Share Price

Abdulaziz and Mansour Ibrahim Albabtin Co.
41.00
0.00 0.00 %

Abdulaziz and Mansour Ibrahim Albabtin Co. (ALBABTAIN FOOD)

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.