Fad H1 2024 profit falls 13% to SAR 15.1M

Fad H1 2024 profit falls 13% to SAR 15.1M

13/08/2024 Argaam Exclusive

View other reports

Fad International Co. reported a 13% fall in its H1 2024 net profit to SAR 15.1 million, from SAR 17.3 million a year earlier.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 110.31 105.10 (4.7 %)
Gross Income 71.00 67.37 (5.1 %)
Operating Income 19.94 17.08 (14.3 %)
Net Income 17.26 15.09 (12.6 %)
Average Shares 1.20 1.20 -
EPS (Riyals) 14.38 12.57 (12.6 %)


Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 110.31 105.10 (4.7 %)
Gross Income 71.00 67.37 (5.1 %)
Operating Income 19.94 17.08 (14.3 %)
Net Income 17.26 15.09 (12.6 %)
Average Shares 1.20 1.20 -
EPS (Riyals) 14.38 12.57 (12.6 %)

For the first six months of the year, retail and wholesale revenues fell year-on-year (YoY) by SAR 5.2 million and SAR 1.1 million, respectively. However, e-commerce revenues increased by SAR 1.1 million YoY for the same period.

 

Shareholders’ equity, no minority interest, grew to SAR 31.94 million as of June 30, 2024, compared to SAR 16.86 million in the year before.

 

Historical Data

Period

Revenues

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR/share)

H1 2023

110.31

17.26

14.38

H2 2023

53.65

(17.00)

 (14.17)

H1 2024

105.10

15.09

12.57

 

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 - - - - - -
H2 2021 - - - - - -
H1 2022 - - - - - -
H2 2022 - - - - - -
H1 2023 110.31 - 71.00 - 19.94 -
H2 2023 53.65 - 31.38 - (15.11) -
H1 2024 105.10 (4.7 %) 67.37 (5.1 %) 17.08 (14.3 %)


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 - - - - - -
H2 2021 - - - - - -
H1 2022 - - - - - -
H2 2022 - - - - - -
H1 2023 17.26 - 14.38 - 17.26 14.38
H2 2023 (17.00) - (14.17) - (17.00) (14.17)
H1 2024 15.09 (12.6 %) 12.57 - 15.09 12.57

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 - - -
H1 2022 - - -
H2 2022 - - -
H1 2023 - - -
H2 2023 62.44 % 17.22 % 0.16 %
H1 2024 62.20 % 16.80 % (1.20 %)


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 - - - -
H2 2021 - - - -
H1 2022 - - - -
H2 2022 - - - -
H1 2023 1.20 - - 25.93
H2 2023 1.20 0.22 0.22 14.05
H1 2024 1.20 (1.59) (1.59) 26.62

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 - - -
H2 2023 More than 100 More than 100 7.67
H1 2024 NEG NEG 2.59

Business Segments (Million)

Compared With The
Period Femi9 Vivid Flair London
Q2 2023 100.43 9.88
Q4 2023 43.68 9.97
Q2 2024 97.83 7.27


Financial Ratios
Current
Market Cap (M Riyal) 110.40
Enterprise Value (EV) (M) 123.90
Shares Outstanding ((M)) 1.20
Book Value (BV) ( Riyal) 14.05
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
Price/book 6.55
more

Share Price

Fad International Co.
92.00
6.00 6.98 %

Fad International Co. (FAD)

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.