Arabian Food and Dairy Factories Co. (FADECO) announces the annual financial results ending on 12-31-2022

29 March 2023 03:52 PM

FADECO 9536 0.00% 98.00 0.00

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	58,040,289	52,240,239	11.1
Gross Profit (Loss)	23,369,658	22,037,815	6.04
Operational Profit (Loss)	4,084,549	5,607,245	-27.16
Net Profit (Loss) after Zakat and Tax	3,773,124	6,018,098	-37.3
Total Comprehensive Income	3,857,498	6,554,776	-41.15
Total Share Holders Equity (after Deducting Minority Equity)	28,959,738	28,102,240	3.05
Profit (Loss) per Share	2.68	4.27
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
Increase (Decrease) in Net Profit for Current Period Compared to Previous Period is Attributed to	The reason for the decrease in the net profit during this period compared to the previous period is due to the increase in the prices of raw materials and the increase in general and administrative expenses despite the increase in sales.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Didn't get any tab
Additional Information	Basic earnings per share is calculated based on the profit distributable to shareholders for ordinary shares and using the weighted average number of ordinary shares outstanding on the date of the financial statements.

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