Fesh Fash Snack Food Production Co. reported a net profit after Zakat and tax of SAR 2.3 million in H1 2022, an increase of 10%, from SAR 2.1 million in a year-earlier period.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 14.13 | 15.71 | 11.2 % |
| Gross Income | 5.00 | 4.71 | (5.8 %) |
| Operating Income | 2.18 | 2.32 | 6.8 % |
| Net Income | 2.05 | 2.26 | 10.1 % |
| Average Shares | 11.30 | 11.30 | - |
| EPS (Riyals) | 0.18 | 0.20 | 10.1 % |
This earnings growth was fueled by a 19.15% drop year-on-year (YoY) in general and administrative expenses (G&As), 10.91% lower YoY sales and marketing expenses, a 6.27% YoY slump in operating costs and higher selling prices.
Total shareholders’ equity, excluding minority interest, stood at SAR 15.136 million by the end of H1 2022, compared to SAR 14.664 million in a year-earlier period.
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