Zoujaj turns to profits worth SAR 39m in nine months

Riyadh – Mubasher: The National Company for Glass Industries (Zoujaj) achieved a net profit after Zakat and tax worth SAR 39.3 million in the first nine months of 2021, against losses of SAR 5.1 million in the same period last year.

Earnings per share stood at SAR 1.2 at the end of September this year, versus a loss per share of SAR 0.16 in the same period in 2020.

Revenues grew by 2% year-on-year (YoY) to SAR 58.7 million in January-September 2021 from SAR 57.3 million.

During the third quarter (Q3) of 2021, Zoujaj recorded a YoY leap of 673% in net profits to SAR 20.1 million from SAR 2.6 million.

Revenues also soared by 18.5% to SAR 19.2 million in Q3-21 from SAR 16.2 million in Q3-20.

Mubasher Contribution Time: 31-Oct-2021 14:00 (GMT)
Mubasher Last Update Time: 31-Oct-2021 14:00 (GMT)