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Spinneys 1961 Holding (DFM:SPINNEYS) Net Income : د.إ77.2 Mil (TTM As of Mar. 2024)


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What is Spinneys 1961 Holding Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Spinneys 1961 Holding's Net Income for the three months ended in Mar. 2024 was د.إ77.2 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ77.2 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Spinneys 1961 Holding's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was د.إ0.02.


Spinneys 1961 Holding Net Income Historical Data

The historical data trend for Spinneys 1961 Holding's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Spinneys 1961 Holding Net Income Chart

Spinneys 1961 Holding Annual Data
Trend Dec21 Dec22 Dec23
Net Income
192.18 214.27 256.15

Spinneys 1961 Holding Quarterly Data
Dec21 Dec22 Mar23 Dec23 Mar24
Net Income - - 66.22 - 77.22

Spinneys 1961 Holding Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Spinneys 1961 Holding's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=255.594+-1.277+0+1.835
=256.2

Spinneys 1961 Holding's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=82.7+-7.995+0+2.517
=77.2

Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ77.2 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Spinneys 1961 Holding  (DFM:SPINNEYS) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Spinneys 1961 Holding's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Spinneys 1961 Holding Net Income Related Terms

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Spinneys 1961 Holding (DFM:SPINNEYS) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Nad Al Sheba First, 1st Floor, Meydan, ARE
Spinneys 1961 Holding plc with its subsidiaries engaged in the operation of supermarkets grocery retailers in the United Arab Emirates, Sultanate of Oman, and Saudi Arabia. It has two geographic reportable segments United Arab Emirates (UAE) and the Sultanate of Oman (Oman), and Others. It generates the majority of its revenue from the United Arab Emirates (UAE).

Spinneys 1961 Holding (DFM:SPINNEYS) Headlines

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