Riyadh – Mubasher: Almunajem Foods Company has registered a 27.68% year-on-year (YoY) drop in net profits after Zakat and tax to SAR 166.10 million in 2021, compared to SAR 229.70 million.
The earnings per share (EPS) declined to SAR 3.10 in 2021 from SAR 4.28 in 2020, according to the financial results on Monday.
Meanwhile, the revenues reached SAR 2.57 billion last year, up 1.51% from SAR 2.53 billion in 2020.
During the fourth quarter (Q4) of 2021, Almunajem Foods recorded a 65.46% hike in net profits to SAR 46 million from SAR 27.80 million in Q4-20.
Meanwhile, the revenues surged by 9.22% YoY to SAR 679.50 million in Q4-21 from SAR 622.10 million.
On a quarterly basis, the company’s net profits in Q4-21 were down 12.71% from SAR 52.70 million in Q3-21 and the revenues went up by 3.74% from SAR 655 million.
It is worth noting that the listing and trading of Almunajem Foods’ shares on the Saudi Exchange (Tadawul) took place in December 2021.
