Fesh Fash Snack Food Production Co. announces its Annual Financial Results for the Period Ending on 2022-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 31,454,765 | 29,819,143 | 5.49 | ||
| Gross Profit (Loss) | 8,315,425 | 8,771,742 | -5.2 | ||
| Operational Profit (Loss) | 2,429,308 | 1,578,408 | 53.91 | ||
| Net Profit (Loss) after Zakat and Tax | 2,166,851 | 1,400,936 | 54.67 | ||
| Total Comprehensive Income | 2,066,865 | 1,395,426 | 48.12 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 14,946,934 | 14,010,030 | 6.69 | ||
| Profit (Loss) per Share | 1.92 | 1.24 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | 1- Reduction of general and administrative expenses by 4.20%
2- Reduction sales and marketing expenses by 10.11% 3- Reduction operating costs by 4.03% 4- Increase the selling prices of some of the company's products by 11.75% |
| Statement of the type of external auditor's report | Unmodified opinion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | There are no reservations in the financial statements |
| Reclassification of Comparison Items | There is a reclassification of some comparative numbers where
The spare parts inventory has been reclassified from the fixed assets account to the inventory account in the statement of financial position in the amount of (1370700) riyals for the year 2022 and the amount of (1460995) riyals for the comparative year 2021 |
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