Nofoth Food’s profit rises 17% to SAR 31.5 mln in 2022
22/03/2023
Argaam Exclusive
View other reports
Nofoth Food Products Co. posted a 17% rise in 2022 net profit to SAR 31.5 million, compared to SAR 26.9 million a year earlier.
Financials (M)
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 196.62 | 270.20 | 37.4 % |
| Gross Income | 99.45 | 147.76 | 48.6 % |
| Operating Income | 24.92 | 32.77 | 31.5 % |
| Net Income | 26.85 | 31.49 | 17.3 % |
| Average Shares | 48.00 | 48.00 | - |
| EPS (Riyals) | 0.56 | 0.66 | 17.3 % |
The growth was spurred by a 36.7% year-on-year (YoY) rise in revenue during 2022 to SAR 268.9 million.
Accordingly, gross profit expanded by 47.2% YoY to SAR 146.4 million from SAR 99.4 million a year ago.
Compared With The
Current Half Annual Comparison (M)
| Item | H2 2021 | H2 2022 | Change |
|---|---|---|---|
| Revenues | 115.71 | 134.48 | 16.2 % |
| Gross Income | 61.54 | 75.48 | 22.7 % |
| Operating Income | 13.50 | 17.37 | 28.6 % |
| Net Income | 14.46 | 16.12 | 11.4 % |
| Average Shares | 48.00 | 48.00 | - |
| EPS (Riyals) | 0.30 | 0.34 | 11.4 % |
Total shareholders’ equity, no minority interest, rose to SAR 68.41 million as of Dec. 31, 2022, compared to SAR 38.69 million in the year-earlier period.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2022 | 135.72 | 67.7 % | 72.28 | 90.7 % | 15.40 | 34.9 % |
| H2 2022 | 134.48 | 16.2 % | 75.48 | 22.7 % | 17.37 | 28.6 % |
| 2022 | 270.20 | 37.4 % | 147.76 | 48.6 % | 32.77 | 31.5 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| H1 2022 | 15.37 | 24.1 % | 0.32 | - | 15.37 | 0.32 |
| H2 2022 | 16.12 | 11.4 % | 0.34 | - | 16.12 | 0.34 |
| 2022 | 31.49 | 17.3 % | 0.66 | - | 31.49 | 0.66 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2022 | 53.22 % | 17.51 % | 11.87 % |
| H2 2022 | 54.68 % | 18.92 % | 11.65 % |
| 2022 | 54.68 % | 18.92 % | 11.65 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| H1 2022 | 48.00 | 0.62 | 0.62 | 1.10 |
| H2 2022 | 48.00 | 0.66 | 0.66 | 1.43 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| H1 2022 | - | - | - |
| H2 2022 | - | - | - |
Business Segments (Million)
2022
| Period | Food and Beverage Revenue | Franchise Fee Revenue |
|---|
| Current | |
| Market Cap (M Riyal) | 820.80 |
| Enterprise Value (EV) (M) | 755.45 |
| Shares Outstanding ((M)) | 48.00 |
| Book Value (BV) ( Riyal) | 2.22 |
| Par Value ( Riyal) | 1.00 |
| Adjusted P/E (Last12) | 19.24 |
| Price/book | 7.72 |
Share Price
Nofoth Food Products Co. (NOFOTH)
Follow us on
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}