Riyadh – Mubasher: The National Industrialization Company (Tasnee) recorded a 50.88% year-on-year (YoY) plunge in net profit after Zakat and tax to SAR 666.30 million in 2022, compared to SAR 1.35 billion.
Meanwhile, the revenues increased by 5.71% to SAR 3.88 billion as of 31 December 2022, versus SAR 3.67 billion in 2021, according to the annual financial results.
The earnings per share (EPS) reached SAR 1 in January-December 2022, an annual drop from SAR 2.03.
In the first nine months (9M) of 2022, Tasnee generated net profits after Zakat and tax worth SAR 623.20 million, down 38.76% YoY from SAR 1.01 billion.
Revenues jumped by 17.26% to SAR 2.94 billion in 9M-22 from SAR 2.51 billion in 9M-21, whereas the EPS plummeted to SAR 0.93 from SAR 1.52.
