Almarai's net profits retreat 21% in 2021

Riyadh – Mubasher: Almarai Company reported a 21.21% decline in its consolidated net profits after Zakat and tax to SAR 1.56 billion in 2021, compared to SAR 1.98 billion in 2020.

The company's revenues rose by 3.21% to SAR 15.85 billion in 2021 from SAR 15.356 billion in the earlier year, according to a bourse filing on Sunday.

The earnings per share (EPS) settled at SAR 1.59 last year, versus SAR 2.02 in 2020.

During the fourth quarter (Q4) of 2021, the company's net profits after Zakat and tax decreased by 14.71% to SAR 286.5 million from SAR 335.9 million in the year-ago period.

It is noteworthy to mention that during the first nine months (9M) of 2021, the company's net profits after Zakat and tax retreated by 22.54% to SAR 1.277 billion from SAR 1.648 billion in the same period of the previous year.

Mubasher Contribution Time: 23-Jan-2022 06:37 (GMT)
Mubasher Last Update Time: 23-Jan-2022 06:37 (GMT)