Arabian Food and Dairy Factories Co. (FADECO) announces its Annual Financial results for the period ending on 2023-12-31

26 March 2024 08:08 AM

FADECO 9536 0.00% 98.00 0.00

Element List	Current Year	Previous Year	%Change
Sales/Revenue	62,192,271	58,040,289	7.15
Gross Profit (Loss)	28,765,901	23,369,658	23.09
Operational Profit (Loss)	6,066,074	4,084,549	48.51
Net profit (Loss)	5,998,274	3,773,124	58.97
Total Comprehensive Income	6,339,382	3,857,498	64.34
Total Share Holders Equity (After Deducting the Minority Equity)	31,717,720	28,959,738	9.52
Profit (Loss) per Share	4.25	2.64
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	The reason for the increase in sales during this period compared to the previous period is the expansion of sales points around the Kingdom of Saudi Arabia
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reason for the increase in net profit during this period compared to the previous period is due to the decrease in the prices of raw materials and the increase in the amount of sales
Statement of the type of external auditor's report	Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	not applicable
Reclassification of Comparison Items	No changes in 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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