trending Market Intelligence /marketintelligence/en/news-insights/trending/hWOgto0_DDwaDWVuZ4zbng2 content esgSubNav
In This List

Saudia Dairy & Foodstuff profit misses consensus by 37.6% in fiscal Q2

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure


Saudia Dairy & Foodstuff profit misses consensus by 37.6% in fiscal Q2

Saudia Dairy & Foodstuff Co. said its normalized net income for the fiscal second quarter ended Sept. 30 came to 99 halalas per share, compared with the S&P Capital IQ consensus estimate of 1.58 riyals per share.

EPS rose year over year from 97 halalas.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 31.9 million riyals, compared with 31.6 million riyals in the year-earlier period.

The normalized profit margin fell to 7.4% from 8.3% in the year-earlier period.

Total revenue grew 13.6% on an annual basis to 431.3 million riyals from 379.6 million riyals, and total operating expenses grew 15.7% year over year to 379.6 million riyals from 328.0 million riyals.

Reported net income rose year over year to 47.7 million riyals, or 1.47 riyals per share, from 46.0 million riyals, or 1.42 riyals per share.

As of Oct. 30, US$1 was equivalent to 3.75 Saudi Arabian riyals.