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
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
