Balady Poultry profit up 56% to SAR 100M in 9M 2024; Q3 at SAR 28M

Balady Poultry profit up 56% to SAR 100M in 9M 2024; Q3 at SAR 28M

28/10/2024 Argaam Exclusive

View other reports

Balady Poultry Trading Co. reported a net profit of SAR 100 million in the first nine months of 2024, a 56% increase from SAR 64.2 million a year earlier.



Financials (M)

Item 9m 2023 9m 2024 Change‬
Revenues 530.03 667.36 25.9 %
Gross Income 75.42 117.04 55.2 %
Operating Income 58.38 95.89 64.2 %
Net Income 64.21 99.98 55.7 %
Average Shares 6.57 6.57 -
EPS (Riyals) 9.77 15.22 55.7 %
The positive performance was driven by higher sales revenue, which increased by 25.91% year-on-year (YoY) to SAR 667.3 million in 9M 2024 on higher average daily production.

 

In Q3 2024, the company’s net profit grew 17% YoY to SAR 28 million, on higher sales as average daily production rose.

 

Shareholders' equity amounted to SAR 290.49 million at the end of September 2024, compared to SAR 181.68 million at the end of September 2023.



View more financial results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 162.83 - 12.65 - 5.93 -
H2 2021 194.67 - 15.28 - 10.03 -
H1 2022 278.61 71.1 % 43.73 245.6 % 34.02 473.9 %
H2 2022 362.68 86.3 % 52.71 244.9 % 42.17 320.3 %
H1 2023 344.56 23.7 % 48.56 11.0 % 36.85 8.3 %
H2 2023 413.16 13.9 % 66.78 26.7 % 54.95 30.3 %
H1 2024 449.63 30.5 % 82.20 69.3 % 68.33 85.4 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 9.23 - 1.40 - 9.23 1.40
H2 2021 11.32 - 1.72 - 11.32 1.72
H1 2022 36.25 293.0 % 5.52 - 36.25 5.52
H2 2022 48.85 331.7 % 7.44 - 48.85 7.44
H1 2023 40.27 11.1 % 6.13 - 40.27 6.13
H2 2023 60.64 24.1 % 9.23 - 60.64 9.23
H1 2024 71.94 78.6 % 10.95 - 71.94 10.95

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 7.81 % 5.59 % 5.75 %
H1 2022 12.47 % 10.42 % 10.05 %
H2 2022 15.04 % 13.15 % 13.27 %
H1 2023 14.32 % 12.63 % 12.60 %
H2 2023 15.22 % 13.62 % 13.32 %
H1 2024 17.27 % 15.76 % 15.37 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 - - - -
H2 2020 - - - -
H1 2021 6.57 - - 8.15
H2 2021 6.57 3.13 3.13 10.79
H1 2022 6.57 7.24 7.24 15.58
H2 2022 6.57 12.95 12.95 20.88
H1 2023 6.57 13.56 13.56 26.01
H2 2023 6.57 15.36 15.36 32.00
H1 2024 6.57 20.18 20.18 41.95

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 - - -
H1 2023 9.88 9.88 5.15
H2 2023 8.72 8.72 4.19
H1 2024 14.82 14.82 7.13

Business Segments (Million)

Compared With The
Period Finish goods sales Fodder sales Chick sales (chicken chicks)


Financial Ratios
Current
Market Cap (M Riyal) 2,621.43
Enterprise Value (EV) (M) 2,530.62
Shares Outstanding ((M)) 6.57
Book Value (BV) ( Riyal) 32.00
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 25.98
Price/book 12.47
more

Share Price

Balady Poultry Trading Co.
399.00
0.00 0.00 %

Balady Poultry Trading Co. (BALADY)

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.