Riyadh – Mubasher: Electrical Industries Company (EIC) announced net profits after Zakat and tax of SAR 23.923 million in 2020, against SAR 40.193 million net losses in 2019.
The company's revenues jumped by 12.32% to SAR 648.686 million last year from SAR 577.556 million in 2019, according to the company's disclosure to the Saudi Stock Exchange (Tadawul) on Tuesday.
The earnings per share (EPS) settled at SAR 0.53 in 2020, against a loss per share of SAR 0.89 in the previous year.
It is noteworthy to mention that during the third quarter (Q3) of 2020, the company's net profits increased to SAR 6.771 million from SAR 1.502 million a year earlier.
