Foods Gate’s net profit edges up to SAR 8.4M in 2023

Foods Gate’s net profit edges up to SAR 8.4M in 2023

28/03/2024 Argaam Exclusive

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Foods Gate Trading Co. reported a net profit of SAR 8.4 million for 2023, compared to SAR 8.3 million a year earlier, backed by 18.2% lower year-on-year (YoY) general and administrative expenses (G&As) despite a decline in sales.



Financials (M)

Item 2022 2023 Change‬
Revenues 61.59 59.37 (3.6 %)
Gross Income 18.12 18.46 1.9 %
Operating Income 8.03 9.39 16.9 %
Net Income 8.35 8.40 0.7 %
Average Shares 2.10 2.10 -
EPS (Riyals) 3.97 4.00 0.7 %


Total shareholders’ equity, no minority interest, stood at SAR 45.86 million by Dec. 31, 2023, compared to SAR 37.24 million a year ago.

 

Historical Data

Period

Revenue (SAR mln)

Net profit (SAR mln)

EPS (SAR /share)

H1 2021

25.09

1.76

0.84

H2 2021

34.93

3.88

1.85

H1 2022

31.76

6.41

3.05

H2 2022

29.83

1.94

0.92

H1 2023

28.57

5.37

2.56

H2 2023

30.80

3.03

1.44

 

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 13.78 - 4.34 - 1.75 - 0.83
Q2 2021 11.31 - 4.25 - 0.00 - 0.00
Q3 2021 - - - - - - -
Q4 2021 - - - - - - -
Q1 2022 15.99 16.1 % 4.75 9.5 % 4.17 137.8 % 1.98
Q2 2022 15.77 39.5 % 4.22 (0.8 %) 2.24 55850.0 % 1.07
Q3 2022 - - - - - - -
Q4 2022 - - - - - - -
Q1 2023 - - - - - - -
Q2 2023 - - - - - - -
Q3 2023 - - - - - - -
Q4 2023 - - - - - - -
2023 59.37 (3.6 %) 18.46 1.9 % 8.40 0.7 % 4.00

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 31.51 % - 12.72 %
Q2 2021 34.26 % - 7.00 %
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 32.49 % - 9.23 %
Q2 2022 30.90 % - 10.60 %
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 - - -
2023 31.10 % 28.81 % 14.10 %


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 2.10 0.83 0.83 -
Q2 2021 2.10 0.84 0.84 11.88
Q3 2021 - - - -
Q4 2021 - - - -
Q1 2022 2.10 2.82 1.80 -
Q2 2022 2.10 3.89 2.87 16.78
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 Restaurants Applications Events Others


Financial Ratios
Current
Market Cap (M Riyal) 119.70
Enterprise Value (EV) (M) 117.46
Shares Outstanding ((M)) 2.10
Book Value (BV) ( Riyal) 21.84
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 14.30
Price/book 2.61
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Share Price

Foods Gate Trading Co.
57.00
1.60 2.89 %

Foods Gate Trading Co. (FOOD GATE)

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