Fesh Fash’s H1 2021 net profit falls 16% to SAR 2 mln

12/09/2021 Argaam Exclusive

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Fesh Fash Snack Food Production Co.
16.08
(0.08) (0.50 %)

Fesh Fash Snack Food Production Co. (FESH FASH)

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Fesh Fash Snack Food Production Co. posted a net profit after Zakat and tax of SAR 2 million for the first half of 2021, a decrease of 16% from SAR 2.5 million in the same period last year.

 

The decline was attributed to higher sales in H1 2020, ahead of the rise in the value-added tax (VAT) to 15%.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 16.55 14.13 (14.6 %)
Gross Income 4.48 5.00 11.6 %
Operating Income 2.43 2.18 (10.4 %)
Net Income 2.45 2.05 (16.2 %)
Average Shares 11.30 11.30 -
EPS (Riyals) 0.22 0.18 (16.2 %)


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