Saudia Dairy and Foodstuff Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Three Months )
- Date: 26-Jul-2023
- Source: Mubasher
- Sector:Agriculture
- Country:Saudi Arabia
Saudia Dairy and Foodstuff Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Three Months )
| Our market shares as at 30 June 2023 remain dominant with positive trending lines compared to shares reported in (May 2023): Milk 63% (62.6), Tomato Paste 54.8% (54.49%) and Ice Cream 30.4% (30.2%).
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We launched 11 new SKU for the Ice Cream Season 2023 – to close some gaps in Modern Trade (launch of Sensation Multi Packs, 1lt tubs and 2-flavor tubs) and to maintain excitement in the category (Pomegranate Stick, X3-Stick)
Work on Makkah Depot project of SAR 27 Mln is nearing completion and to be operational in financial year 2023/24.
We continue to generate positive cash flows. Our cash position is SAR 835 Mln (including short term investments of SAR 561 Mln i.e. Murabaha deposits more than 3 months).
The Board has recommended to AGM to distribute a final dividend of SAR 3 per share, bringing the total to SAR 6 per share.
Shareholders equity is at a healthy 1.762 Bln vs. 1.653 Bln on 31 March 2023.
We will issue shortly our Sustainability Report covering four key elements of ESG – Consumer, Resources, People & Governance.
The earnings per share is computed as follows:
Profit attributable to owners of SADAFCO SAR 108,541,000
Total shares 32,500,000
Treasury shares held by the Company 500,250.
Total shares outstanding 31,999,750
EPS 3.39