Riyadh – Mubasher: The National Industrialization Company (Tasnee) has posted net profits after Zakat and tax worth SAR 606.10 million in the first half (H1) of 2022, an annual drop of 11.43% from SAR 684.30 million.
On the other hand, revenues jumped by 36.56% in the January-June period in 2022 to SAR 2.05 billion, compared with SAR 1.50 billion during the same period a year earlier, according to the interim financial results.
Meanwhile, the earnings per share (EPS) settled at SAR 0.91 in H1-22, lower than SAR 1.02 in H1-21.
In the second quarter (Q2) of 2022, the company achieved net profits after Zakat and tax of SAR 297.10 million, a 16.71% year-on-year (YoY) plunge from SAR 356.70 million.
Revenues totalled SAR 1.07 billion in Q2-22, an annual hike of 38.02% when compared to SAR 780.40 million.
During the first three months (3M) of 2022, Tasnee generated SAR 309 million in net profit after Zakat and tax, a 5.64% YoY decline from SAR 327.50 million.
