09/11/2022
Argaam Exclusive











Saudi Marketing Co. (Farm Superstores) reported a leap of 31% in net profit after Zakat and tax to SAR 16.1 million for the first nine months of 2022, from SAR 12.3 million in the year-earlier period, thanks to higher revenue.







The retailer reported an increase in revenue from the high-margin entertainment segment for the current period compared to the first nine months of 2021. The higher profit came despite a year-on-year (YoY) increase of SAR 18.3 million in selling and distribution expenses. 




In Q3 2022, net profit after Zakat and tax climbed 29% to SAR 4.5 million, from SAR 3.50 million a year earlier. Revenue grew by SAR 35.5 million YoY. Further, Farm Superstores recorded better revenue from the high-margin entertainment segment despite increased selling and distribution expenses.




Compared to Q2 2022, net profit dropped 16% from SAR 5.38 million hit by a decline of SAR 21.9 million in revenue due to summer vacations.









Current Quarter Comparison (M)
























Item Q3 2021 Q3 2022 Change‬
Revenues

394.94


430.48
9.0 %
Gross Income

120.41


129.57
7.6 %
Operating Income

10.27


13.66
33.1 %
Net Income

3.50


4.52
29.3 %
Average Shares

45.00


45.00
EPS (Riyals)

0.08


0.10
29.3 %




Total shareholders’ equity, after minority interest, rose to SAR 650.893 million by the end of the nine-month period, from SAR 627.184 million a year earlier.











View other reports



Share Price














Saudi Marketing Co. (FARM SUPERSTORES)




































Current
Market Cap (M Riyal) 958.50
Enterprise Value (EV) (M) 1,447.92
Book Value (BV) ( Riyal) 14.46
Adjusted P/E (Last12) 39.01
P/E (TTM) 39.01
Price/book 1.47
Return on Average Assets (%) (TTM) 1.1
Return on Average Equity (%) (TTM) 3.8


















Kindly,
you can view the full report by subscribing to the


The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.