SADAFCO has been able to deliver 9.6% in a challenging year through close focus on value generation activities on profitable categories while bringing efficiencies in our operations, logistics and distribution. The year has witnessed tremendous increase in raw material and logistic costs across the world resulting in high end inflation in food prices throughout the globe. At the same time cost of doing business is also putting pressure on producers. The profit has been generated with keeping close focus on value generation activities on profitable categories while bringing efficiencies in our operations, logistics and distribution. We are also witnessing longer school year and in-country (KSA) entertainment activities. All this bodes well for our portion/single packs which have a higher profit margin and gives more consumption opportunities to the consumers. We see improvement in our format mix due to this. During the year Ice Cream factory has become fully operational churning out 22,000 Ice Cream sandwiches per hour enabling us to meet higher consumer demand in summer months. Work on Makkah Depot project of SAR 27 Mln has initiated and is expected to finish in this Financial Year. The board approved a half year dividend of SAR 3/share that was paid in January, in addition to final dividend announced in Extra ordinary general meeting of July 2021. This makes the total dividend payment of SAR 192 Mln during the year vs SAR 176 Mln last year. We continue to generate healthy cashflow from operations and now the major projects of the company have finished reducing the need for investing activities This leads to a robust cash position of SAR 626 Mln. Shareholders’ equity up at a healthy 1.540 Bln vs 1.533 Bln at 31 Mar 2021. The earnings per share is computed as follows: Profit attributable to owners of SADAFCO SAR 207,291,000 Total shares 32,500,000 Treasury shares held by the Company 500,250. Total shares outstanding 31,999,750 EPS 6.48 |
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