Saudia Dairy and Foodstuff Co. announces its Interim Financial Results for the Period Ending on 2022-12-31 ( Nine Months )

Saudia Dairy and Foodstuff Co. announces its Interim Financial Results for the Period Ending on 2022-12-31 ( Nine Months )

| Our market shares remain robust with positive trending lines at: Milk 61.5%, Tomato Paste 53.9% and Ice cream 29.5%, (in November we achieved highest market share of 31.2% in Ice cream).

|

We remain vigilant in managing the inflationary pressures in the global markets. Our financial position has enabled us to take advantage of the deflationary trend in the commodity market to manage higher profitability in the coming quarters

We continue to delight our consumers through new offerings in the dairy & ice cream category. New two SKU’s were launched in dairy (vanilla flavoured) during the quarter.

Work on Makkah Depot project of SAR 27 Mln is in progress and is expected to be operational in Q1 of next financial year.

We invested SAR 39 Mln in a Sukuk (classified as long-term Investment) which in addition to a high rate of return would result in Zakat expense savings.

We continue to generate positive cashflows. Our cash position is SAR 634 Mln (including short term investments of SAR 258 Mln i.e., Murabaha deposits more than 3 months)

During the quarter the Board approved distribution of interim dividend of SAR 3/share for payment in January 2023.

Shareholders’ equity at a healthy 1.663Bln vs 1.540Bln on 31 March 2022.

The earnings