Wafrah 2023 profit soars 52% to SAR 21M; Q4 at SAR 5.7M

28/03/2024 Argaam Exclusive

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Wafrah for Industry & Development Co. posted a 52% profit increase in 2023 to SAR 21 million, compared to SAR 13.8 million in the year-earlier period.

Financials (M)

Item	2022	2023	Change‬
Revenues	130.52	161.63	23.8 %
Gross Income	43.96	50.59	15.1 %
Operating Income	14.73	2.50	(83.0 %)
Net Income	13.82	20.96	51.7 %
Average Shares	23.15	23.15	-
EPS (Riyals)	0.60	0.91	51.7 %

The profit increase was driven by a 24% year-on-year (YoY) increase in sales, as the vegetable segment expanded by 29% YoY and the pastry segment contributed positively to the sales.

The company adopted a strategy in 2023 to expand the customer base and boost the sales force, which led to higher demand for its products and sales volume.

Wafrah’s investment profits at fair value grew by SAR 15 million and other income by SAR 5.9 million.

Meanwhile, sales, marketing, administrative, and general expenses rose, while some provisions were made, in addition to higher Zakat expenses.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2022	Q4 2023	Change‬
Revenues	34.08	36.62	7.5 %
Gross Income	8.36	7.84	(6.2 %)
Operating Income	(0.54)	(9.58)	(1,683.8 %)
Net Income	(0.38)	5.73	1626.6 %
Average Shares	23.15	23.15	-
EPS (Riyals)	(0.02)	0.25	1626.6 %

Item	Q3 2023	Q4 2023	Change‬
Revenues	46.71	36.62	(21.6 %)
Gross Income	15.02	7.84	(47.8 %)
Operating Income	3.97	(9.58)	(341.2 %)
Net Income	5.21	5.73	10.1 %
Average Shares	23.15	23.15	-
EPS (Riyals)	0.22	0.25	10.1 %

In Q4 2023, the company turned to a profit of SAR 5.73 million against a loss of SAR 0.38 million in Q4 2022.

On a sequential basis, the bottom line grew 13.3% from SAR 5.06 million in Q3 2023.

Shareholders’ equity, no minority interest, rose to SAR 232.46 million as of Dec. 31, 2023, up from SAR 212.85 million a year earlier.

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	22.09	3.4 %	8.15	15.8 %	1.58	(6.8 %)
Q2 2014	26.71	4.5 %	9.61	13.3 %	2.40	(26.0 %)
Q3 2014	20.51	0.8 %	4.88	(26.4 %)	(1.26)	(175.0 %)
Q4 2014	17.52	(7.3 %)	3.22	(46.3 %)	(4.92)	(474.6 %)
2014	86.82	0.8 %	25.77	(8.5 %)	(2.60)	(132.9 %)
Q1 2015	15.06	(31.8 %)	3.94	(51.6 %)	(3.42)	(316.9 %)
Q2 2015	28.82	7.9 %	7.96	(17.2 %)	0.81	(66.2 %)
Q3 2015	14.79	(27.9 %)	2.56	(47.6 %)	(4.93)	(292.2 %)
Q4 2015	29.37	67.6 %	10.39	223.1 %	3.00	161.0 %
2015	88.03	1.4 %	24.95	(3.2 %)	(4.45)	(70.7 %)
Q1 2016	28.07	86.4 %	7.85	99.2 %	0.42	112.3 %
Q2 2016	22.23	(22.9 %)	7.82	(1.7 %)	1.05	28.7 %
Q3 2016	13.31	(10.0 %)	(1.45)	(156.6 %)	(9.16)	(85.6 %)
Q4 2016	17.95	(38.9 %)	1.53	(85.2 %)	(5.30)	(276.7 %)
2016	81.56	(7.4 %)	15.76	(36.8 %)	(12.99)	(192.1 %)
Q1 2017	15.67	(44.2 %)	1.23	(84.4 %)	(4.75)	(1224.9 %)
Q2 2017	21.29	(4.2 %)	5.49	(29.8 %)	(0.54)	(152.0 %)
Q3 2017	12.37	(7.0 %)	(1.74)	(20.2 %)	(8.01)	12.5 %
Q4 2017	11.51	(35.9 %)	(19.31)	(1358.8 %)	(27.71)	(423.0 %)
2017	60.83	(25.4 %)	(14.33)	(190.9 %)	(41.01)	(215.8 %)
Q1 2018	24.01	53.3 %	6.83	456.8 %	(0.29)	93.9 %
Q2 2018	24.10	13.2 %	8.42	53.2 %	1.89	448.4 %
Q3 2018	13.42	8.5 %	(1.68)	3.7 %	(9.08)	(13.3 %)
Q4 2018	18.60	61.6 %	(0.39)	98.0 %	(5.56)	80.0 %
2018	80.13	31.7 %	13.18	192.0 %	(13.53)	67.0 %
Q1 2019	26.24	9.3 %	7.48	9.5 %	0.82	384.7 %
Q2 2019	24.04	(0.2 %)	7.38	(12.3 %)	0.58	(69.6 %)
Q3 2019	21.27	58.5 %	4.46	366.1 %	(1.79)	80.3 %
Q4 2019	11.27	(39.4 %)	(2.56)	(552.8 %)	(10.09)	(81.6 %)
2019	82.82	3.4 %	16.76	27.2 %	(10.48)	22.5 %
Q1 2020	22.07	(15.9 %)	8.25	10.4 %	1.46	78.0 %
Q2 2020	17.12	(28.8 %)	5.29	(28.3 %)	(0.78)	(234.5 %)
Q3 2020	22.96	7.9 %	4.26	(4.6 %)	(2.94)	(64.5 %)
Q4 2020	21.63	92.0 %	1.62	163.1 %	(7.60)	24.7 %
2020	83.78	1.2 %	19.41	15.8 %	(9.85)	6.0 %
Q1 2021	21.57	(2.2 %)	6.10	(26.1 %)	(0.36)	(124.5 %)
Q2 2021	15.15	(11.5 %)	3.24	(38.7 %)	(2.77)	(257.4 %)
Q3 2021	15.97	(30.4 %)	1.34	(68.6 %)	(3.04)	(3.4 %)
Q4 2021	12.28	(43.2 %)	0.81	(49.8 %)	(5.72)	24.7 %
2021	64.97	(22.5 %)	11.49	(40.8 %)	(11.88)	(20.6 %)
Q1 2022	34.56	60.2 %	13.14	115.4 %	6.74	1987.8 %
Q2 2022	33.00	117.8 %	12.90	297.7 %	5.53	299.6 %
Q3 2022	28.88	80.9 %	9.56	615.0 %	2.99	198.4 %
Q4 2022	34.08	177.5 %	8.36	930.9 %	(0.54)	90.6 %
2022	130.52	100.9 %	43.96	282.5 %	14.73	223.9 %
Q1 2023	39.85	15.3 %	13.71	4.4 %	5.51	(18.2 %)
Q2 2023	39.53	19.8 %	14.16	9.7 %	4.12	(25.4 %)
Q3 2023	46.71	61.7 %	15.02	57.2 %	3.97	32.7 %
Q4 2023	36.62	7.5 %	7.84	(6.2 %)	(9.58)	(1,683.8 %)
2023	161.63	23.8 %	50.59	15.1 %	2.50	(83.0 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	86.82	0.8 %	25.77	(8.5 %)	(2.60)	(132.9 %)
2015	88.03	1.4 %	24.95	(3.2 %)	(4.45)	(70.7 %)
2016	81.56	(7.4 %)	15.76	(36.8 %)	(12.99)	(192.1 %)
2017	60.83	(25.4 %)	(14.33)	(190.9 %)	(41.01)	(215.8 %)
2018	80.13	31.7 %	13.18	192.0 %	(13.53)	67.0 %
2019	82.82	3.4 %	16.76	27.2 %	(10.48)	22.5 %
2020	83.78	1.2 %	19.41	15.8 %	(9.85)	6.0 %
2021	64.97	(22.5 %)	11.49	(40.8 %)	(11.88)	(20.6 %)
2022	130.52	100.9 %	43.96	282.5 %	14.73	223.9 %
2023	161.63	23.8 %	50.59	15.1 %	2.50	(83.0 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	1.06	(16.2 %)	0.05	-	1.06	0.05
Q2 2014	2.15	(18.3 %)	0.11	-	2.15	0.11
Q3 2014	0.53	(47.4 %)	0.03	-	0.53	0.03
Q4 2014	(3.29)	(248.6 %)	(0.17)	3.53	(6.82)	(0.35)
2014	0.03	(99.5 %)	0.00	3.53	(3.49)	(0.18)
Q1 2015	(3.74)	(451.9 %)	(0.19)	-	(3.74)	(0.19)
Q2 2015	0.51	(76.4 %)	0.03	-	0.51	0.03
Q3 2015	(5.49)	(1145.7 %)	(0.28)	-	(5.49)	(0.28)
Q4 2015	3.09	193.9 %	0.16	-	3.09	0.16
2015	(5.51)	(16300.0 %)	(0.28)	-	(5.51)	(0.28)
Q1 2016	0.14	103.8 %	0.01	-	0.14	0.01
Q2 2016	0.70	37.0 %	0.04	-	0.70	0.04
Q3 2016	(9.34)	(70.0 %)	(0.47)	-	(9.34)	(0.47)
Q4 2016	(11.68)	(478.3 %)	(0.59)	(3.29)	(8.39)	(0.43)
2016	(20.18)	(266.3 %)	(1.02)	(3.29)	(16.89)	(0.86)
Q1 2017	(4.95)	(3562.2 %)	(0.25)	-	(4.95)	(0.25)
Q2 2017	(0.50)	(171.3 %)	(0.03)	-	(0.50)	(0.03)
Q3 2017	(8.26)	11.5 %	(0.42)	-	(8.26)	(0.42)
Q4 2017	(36.41)	(211.7 %)	(1.85)	(4.52)	(31.89)	(1.62)
2017	(50.12)	(148.4 %)	(2.54)	(4.52)	(45.60)	(2.32)
Q1 2018	(1.02)	79.4 %	(0.05)	-	(1.02)	(0.05)
Q2 2018	1.66	434.9 %	0.08	-	1.66	0.08
Q3 2018	(9.33)	(12.9 %)	(0.47)	-	(9.33)	(0.47)
Q4 2018	(17.81)	51.1 %	(0.90)	(9.50)	(8.31)	(0.42)
2018	(26.50)	47.1 %	(1.35)	(9.50)	(17.00)	(0.86)
Q1 2019	0.53	151.8 %	0.03	-	0.53	0.03
Q2 2019	0.29	(82.3 %)	0.01	-	0.29	0.01
Q3 2019	(1.81)	80.6 %	(0.09)	-	(1.81)	(0.09)
Q4 2019	(24.39)	(36.9 %)	(1.24)	(13.43)	(10.96)	(0.56)
2019	(25.37)	4.3 %	(1.29)	(13.43)	(11.94)	(0.61)
Q1 2020	1.32	148.8 %	0.07	-	1.32	0.07
Q2 2020	(0.67)	(326.5 %)	(0.03)	-	(0.67)	(0.03)
Q3 2020	(2.92)	(62.0 %)	(0.15)	-	(2.92)	(0.15)
Q4 2020	(10.30)	57.8 %	(0.52)	-	(10.30)	(0.52)
2020	(12.38)	51.2 %	(0.63)	-	(12.38)	(0.63)
Q1 2021	(0.20)	(115.1 %)	(0.01)	-	(0.20)	(0.01)
Q2 2021	(2.59)	(288.6 %)	(0.13)	-	(2.59)	(0.13)
Q3 2021	(1.73)	40.8 %	(0.09)	-	(1.73)	(0.09)
Q4 2021	(6.41)	37.7 %	(0.33)	-	(6.41)	(0.33)
2021	(10.93)	11.7 %	(0.55)	-	(10.93)	(0.55)
Q1 2022	6.15	3191.7 %	0.31	-	6.15	0.31
Q2 2022	5.02	294.1 %	0.26	-	5.02	0.26
Q3 2022	3.02	274.2 %	0.13	-	3.02	0.13
Q4 2022	(0.38)	94.1 %	(0.02)	-	(0.38)	(0.02)
2022	13.82	226.4 %	0.60	-	13.82	0.60
Q1 2023	6.08	(1.2 %)	0.26	-	6.08	0.26
Q2 2023	4.70	(6.5 %)	0.20	-	4.70	0.20
Q3 2023	5.21	72.7 %	0.22	-	5.21	0.22
Q4 2023	5.73	1626.6 %	0.25	-	5.73	0.25
2023	20.96	51.7 %	0.91	-	20.96	0.91

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	0.03	(99.5 %)	0.00	3.53	(3.49)	(0.18)
2015	(5.51)	(16300.0 %)	(0.28)	-	(5.51)	(0.28)
2016	(20.18)	(266.3 %)	(1.02)	(3.29)	(16.89)	(0.86)
2017	(50.12)	(148.4 %)	(2.54)	(4.52)	(45.60)	(2.32)
2018	(26.50)	47.1 %	(1.35)	(9.50)	(17.00)	(0.86)
2019	(25.37)	4.3 %	(1.29)	(13.43)	(11.94)	(0.61)
2020	(12.38)	51.2 %	(0.63)	-	(12.38)	(0.63)
2021	(10.93)	11.7 %	(0.55)	-	(10.93)	(0.55)
2022	13.82	226.4 %	0.60	-	13.82	0.60
2023	20.96	51.7 %	0.91	-	20.96	0.91

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	33.68 %	16.08 %	7.61 %
Q2 2014	34.53 %	14.82 %	6.96 %
Q3 2014	32.48 %	11.65 %	6.41 %
Q4 2014	29.79 %	9.00 %	(3.54 %)
2014	29.68 %	8.53 %	(4.02 %)
Q1 2015	27.14 %	5.17 %	(9.88 %)
Q2 2015	24.42 %	8.95 %	(11.64 %)
Q3 2015	23.20 %	2.28 %	(20.41 %)
Q4 2015	28.23 %	8.87 %	(6.40 %)
2015	28.34 %	8.97 %	(6.26 %)
Q1 2016	28.46 %	12.00 %	(1.73 %)
Q2 2016	30.31 %	9.85 %	(1.65 %)
Q3 2016	26.48 %	9.34 %	(5.82 %)
Q4 2016	19.33 %	0.67 %	(20.71 %)
2016	19.33 %	0.67 %	(20.71 %)
Q1 2017	13.21 %	(6.38 %)	(31.79 %)
Q2 2017	9.98 %	(8.83 %)	(33.98 %)
Q3 2017	9.68 %	(7.39 %)	(32.85 %)
Q4 2017	(23.56 %)	(45.43 %)	(74.95 %)
2017	(23.56 %)	(45.43 %)	(74.96 %)
Q1 2018	(12.61 %)	(35.19 %)	(60.23 %)
Q2 2018	(8.06 %)	(31.90 %)	(54.88 %)
Q3 2018	(7.86 %)	(34.21 %)	(55.56 %)
Q4 2018	16.45 %	(4.47 %)	(21.21 %)
2018	16.45 %	(5.09 %)	(21.21 %)
Q1 2019	16.79 %	(3.02 %)	(18.76 %)
Q2 2019	15.54 %	(4.53 %)	(20.43 %)
Q3 2019	20.99 %	3.97 %	(10.31 %)
Q4 2019	20.24 %	(1.15 %)	(14.42 %)
2019	20.24 %	(1.15 %)	(14.42 %)
Q1 2020	22.30 %	(0.57 %)	(14.19 %)
Q2 2020	21.53 %	(2.56 %)	(16.89 %)
Q3 2020	20.76 %	(4.08 %)	(18.03 %)
Q4 2020	23.17 %	(0.67 %)	(15.00 %)
2020	23.17 %	(0.67 %)	(14.78 %)
Q1 2021	20.73 %	(3.02 %)	(16.91 %)
Q2 2021	18.72 %	(5.81 %)	(19.69 %)
Q3 2021	16.55 %	(6.31 %)	(19.94 %)
Q4 2021	17.69 %	(5.67 %)	(16.83 %)
2021	17.69 %	(5.67 %)	(16.83 %)
Q1 2022	23.77 %	4.69 %	(5.87 %)
Q2 2022	29.42 %	11.92 %	3.16 %
Q3 2022	33.49 %	15.46 %	7.16 %
Q4 2022	33.68 %	17.72 %	10.59 %
2022	33.68 %	17.72 %	10.59 %
Q1 2023	32.79 %	15.99 %	10.12 %
Q2 2023	32.17 %	14.56 %	9.43 %
Q3 2023	32.00 %	13.71 %	9.75 %
Q4 2023	31.18 %	8.05 %	13.35 %
2023	31.30 %	6.76 %	12.97 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	29.68 %	8.53 %	(4.02 %)
2015	28.34 %	8.97 %	(6.26 %)
2016	19.33 %	0.67 %	(20.71 %)
2017	(23.56 %)	(45.43 %)	(74.96 %)
2018	16.45 %	(5.09 %)	(21.21 %)
2019	20.24 %	(1.15 %)	(14.42 %)
2020	23.17 %	(0.67 %)	(14.78 %)
2021	17.69 %	(5.67 %)	(16.83 %)
2022	33.68 %	17.72 %	10.59 %
2023	31.30 %	6.76 %	12.97 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	36.92 %	14.50 %	4.82 %
Q2 2014	35.99 %	15.06 %	8.06 %
Q3 2014	23.81 %	2.05 %	2.56 %
Q4 2014	18.36 %	0.93 %	(38.92 %)
Q1 2015	26.18 %	(3.18 %)	(24.87 %)
Q2 2015	27.61 %	25.08 %	1.76 %
Q3 2015	17.29 %	(35.01 %)	(37.13 %)
Q4 2015	35.39 %	21.22 %	10.51 %
Q1 2016	27.98 %	13.69 %	0.51 %
Q2 2016	35.20 %	19.81 %	3.13 %
Q3 2016	(10.88 %)	(43.58 %)	(70.16 %)
Q4 2016	8.54 %	(10.61 %)	(46.76 %)
Q1 2017	7.83 %	(7.12 %)	(31.60 %)
Q2 2017	25.81 %	13.15 %	(2.33 %)
Q3 2017	(14.08 %)	(38.39 %)	(66.78 %)
Q4 2017	(167.75 %)	(213.44 %)	(277.06 %)
Q1 2018	28.45 %	9.06 %	(4.25 %)
Q2 2018	34.92 %	17.32 %	6.89 %
Q3 2018	(12.50 %)	(50.45 %)	(69.50 %)
Q4 2018	(2.11 %)	(16.98 %)	(44.68 %)
Q1 2019	28.50 %	12.46 %	2.02 %
Q2 2019	30.69 %	12.18 %	1.22 %
Q3 2019	20.98 %	2.53 %	(8.49 %)
Q4 2019	(22.71 %)	(68.26 %)	(97.30 %)
Q1 2020	37.40 %	17.10 %	5.96 %
Q2 2020	30.88 %	9.01 %	(3.89 %)
Q3 2020	18.55 %	(2.69 %)	(12.74 %)
Q4 2020	7.47 %	(24.31 %)	(47.60 %)
Q1 2021	28.28 %	8.41 %	(0.92 %)
Q2 2021	21.42 %	(4.36 %)	(17.09 %)
Q3 2021	8.37 %	(3.64 %)	(10.85 %)
Q4 2021	6.60 %	(34.66 %)	(52.21 %)
Q1 2022	38.02 %	26.48 %	17.80 %
Q2 2022	39.10 %	21.54 %	15.22 %
Q3 2022	33.10 %	16.65 %	10.44 %
Q4 2022	24.54 %	6.03 %	(1.10 %)
Q1 2023	34.42 %	19.44 %	15.25 %
Q2 2023	35.82 %	15.46 %	11.89 %
Q3 2023	32.17 %	12.93 %	11.15 %
Q4 2023	21.40 %	(18.57 %)	15.65 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	19.70	0.35	0.34	11.29
Q2 2014	19.70	0.33	0.31	11.43
Q3 2014	19.70	0.30	0.29	10.85
Q4 2014	19.70	0.02	(0.16)	10.31
Q1 2015	19.70	(0.22)	(0.40)	10.11
Q2 2015	19.70	(0.30)	(0.48)	10.15
Q3 2015	19.70	(0.61)	(0.79)	9.86
Q4 2015	19.70	(0.29)	(0.29)	10.22
Q1 2016	19.70	(0.09)	(0.09)	10.03
Q2 2016	19.70	(0.08)	(0.08)	10.07
Q3 2016	19.70	(0.27)	(0.27)	9.80
Q4 2016	19.70	(1.02)	(0.86)	9.21
Q1 2017	19.70	(1.28)	(1.12)	8.95
Q2 2017	19.70	(1.34)	(1.18)	8.92
Q3 2017	19.70	(1.29)	(1.12)	8.50
Q4 2017	19.70	(2.54)	(2.32)	6.66
Q1 2018	19.70	(2.35)	(2.12)	6.49
Q2 2018	19.70	(2.24)	(2.01)	6.58
Q3 2018	19.70	(2.29)	(2.06)	6.11
Q4 2018	19.70	(1.35)	(0.86)	5.15
Q1 2019	19.70	(1.27)	(0.78)	5.19
Q2 2019	19.70	(1.34)	(0.85)	5.20
Q3 2019	19.70	(0.95)	(0.47)	5.10
Q4 2019	19.70	(1.29)	(0.61)	3.84
Q1 2020	19.70	(1.25)	(0.57)	3.94
Q2 2020	19.70	(1.30)	(0.62)	3.91
Q3 2020	19.70	(1.35)	(0.67)	3.78
Q4 2020	19.70	(0.64)	(0.64)	3.17
Q1 2021	19.70	(0.72)	(0.72)	3.16
Q2 2021	19.70	(0.81)	(0.81)	3.03
Q3 2021	19.70	(0.75)	(0.75)	2.94
Q4 2021	19.70	(0.55)	(0.55)	2.68
Q1 2022	19.70	(0.23)	(0.23)	3.00
Q2 2022	19.70	0.15	0.15	3.24
Q3 2022	23.15	0.34	0.34	9.34
Q4 2022	23.15	0.60	0.60	9.19
Q1 2023	23.15	0.59	0.59	9.46
Q2 2023	23.15	0.58	0.58	9.66
Q3 2023	23.15	0.67	0.67	10.23
Q4 2023	23.15	0.94	0.94	10.04

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	19.70	0.00	(0.18)	10.31
2015	19.70	(0.28)	(0.28)	10.22
2016	19.70	(1.02)	(0.86)	9.21
2017	19.70	(2.54)	(2.32)	6.66
2018	19.70	(1.35)	(0.86)	5.15
2019	19.70	(1.29)	(0.61)	3.84
2020	19.70	(0.63)	(0.63)	3.17
2021	19.70	(0.55)	(0.55)	2.68
2022	23.15	0.60	0.60	9.19
2023	23.15	0.91	0.91	10.04

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	More than 100	More than 100	3.69
Q2 2014	More than 100	More than 100	6.19
Q3 2014	More than 100	More than 100	6.37
Q4 2014	More than 100	NEG	3.89
Q1 2015	NEG	NEG	4.13
Q2 2015	NEG	NEG	4.41
Q3 2015	NEG	NEG	3.16
Q4 2015	NEG	NEG	2.99
Q1 2016	NEG	NEG	2.91
Q2 2016	NEG	NEG	2.96
Q3 2016	NEG	NEG	2.28
Q4 2016	NEG	NEG	3.27
Q1 2017	NEG	NEG	3.16
Q2 2017	NEG	NEG	2.83
Q3 2017	NEG	NEG	3.24
Q4 2017	NEG	NEG	3.69
Q1 2018	NEG	NEG	3.00
Q2 2018	NEG	NEG	2.64
Q3 2018	NEG	NEG	2.99
Q4 2018	NEG	NEG	3.86
Q1 2019	NEG	NEG	3.44
Q2 2019	NEG	NEG	2.83
Q3 2019	NEG	NEG	2.57
Q4 2019	NEG	NEG	4.28
Q1 2020	NEG	NEG	3.72
Q2 2020	NEG	NEG	5.20
Q3 2020	NEG	NEG	10.90
Q4 2020	NEG	NEG	22.40
Q1 2021	NEG	NEG	26.30
Q2 2021	NEG	NEG	26.15
Q3 2021	NEG	NEG	24.00
Q4 2021	NEG	NEG	24.84
Q1 2022	NEG	NEG	20.01
Q2 2022	More than 100	More than 100	13.82
Q3 2022	More than 100	More than 100	3.90
Q4 2022	42.89	42.89	2.78
Q1 2023	55.67	55.67	3.49
Q2 2023	60.55	60.55	3.63
Q3 2023	61.24	61.24	4.04
Q4 2023	44.82	44.82	4.19

Period	P/E	Adjusted P/E	Price/book
2014	More than 100	NEG	3.89
2015	NEG	NEG	2.99
2016	NEG	NEG	3.27
2017	NEG	NEG	3.69
2018	NEG	NEG	3.86
2019	NEG	NEG	4.28
2020	NEG	NEG	22.40
2021	NEG	NEG	24.84
2022	42.89	42.89	2.78
2023	46.44	46.44	4.19

Business Segments (Million)

Compared With The

Period	Pasta sector	Vegetable sector	Meat products sector	Breakfast beans sector	Food Factory	Dates Factory	Adjustments
Q1 2013	9.13	9.50	-	0.06	2.67	-	-
Q2 2013	15.90	7.34	-	-	2.35	-	-
Q3 2013	9.97	7.65	-	0.17	2.55	-	-
Q4 2013	4.66	10.89	-	0.12	3.23	-	-
Q1 2014	7.93	11.81	-	0.10	2.24	-	-
Q2 2014	14.55	9.95	-	0.09	2.12	-	-
Q3 2014	4.69	12.16	-	0.09	3.57	-	-
Q4 2014	6.39	8.25	-	0.18	2.52	0.19	-
Q1 2015	6.08	7.65	-	0.22	1.10	-	-
Q2 2015	16.17	10.68	-	0.14	1.68	0.16	-
Q3 2015	4.57	8.07	-	0.12	1.97	0.06	-
Q4 2015	8.77	18.21	-	0.09	2.19	0.10	-
Q1 2017	5.58	9.97	-	0.08	1.42	-	(1.38)
Q1 2022	11.84	20.51	1.72	0.50	-	-	-
Q2 2022	8.57	21.73	1.98	0.72	-	-	-
Q3 2022	9.01	16.28	2.19	1.40	-	-	-
Q4 2022	11.33	19.15	2.16	1.44	-	-	-
Q1 2023	12.91	23.74	2.05	1.15	-	-	-
Q2 2023	9.38	27.44	1.87	0.83	-	-	-
Q3 2023	10.69	31.60	3.07	1.35	-	-	-
Q4 2023	13.58	17.83	2.72	2.50	-	-	-

Period	Pasta sector	Vegetable sector	Meat products sector	Breakfast beans sector	Food Factory	Dates Factory	Adjustments
2013	39.66	35.37	-	0.33	10.80	-	-
2014	33.56	42.16	-	0.45	10.46	0.19	-
2015	35.58	44.60	-	0.58	6.94	0.32	-
2021	22.92	32.03	7.98	2.04	-	-	-
2022	40.74	77.68	8.05	4.05	-	-	-
2023	46.27	99.91	9.64	5.80	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	895.91
Enterprise Value (EV) (M)	872.72
Shares Outstanding ((M))	23.15
EPS ( Riyal) (TTM)	1.05
Book Value (BV) ( Riyal)	10.85
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
P/E (TTM)	36.85
Price/book	3.57
Return on Average Assets (%) (TTM)	7.4
Return on Average Equity (%) (TTM)	10.0

Wafrah for Industry and Development Co. (WAFRAH)

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Wafrah 2023 profit soars 52% to SAR 21M; Q4 at SAR 5.7M

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2023 Q4

Financial Ratios

Share Price

Wafrah for Industry and Development Co. (WAFRAH)

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Wafrah 2023 profit soars 52% to SAR 21M; Q4 at SAR 5.7M

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2023

Revenue by Business Segment (Latest) 2023 Q4

Financial Ratios

Share Price

Wafrah for Industry and Development Co. (WAFRAH)

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Business Segments (Million)