Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) turned to net profits after Zakat and tax of SAR 243.98 million in 2021, against net losses of SAR 276.09 million a year earlier.
Earnings per share amounted to SAR 3.62 in 2021, versus a loss per share of SAR 4.09 in 2020, according to the company’s estimated income statements on Sunday.
The company’s revenues grew by 103.6% year-on-year (YoY) to SAR 1 billion in 2021, compared to SAR 495.71 million.
It is worth noting that in the first nine months (9M) of 2021, Chemanol recorded net profits of SAR 164.15 million, against net losses of SAR 262.34 million in the same period of 2020.
