Riyadh – Mubasher: Arab Sea Information System Company has turned to net profits after Zakat and tax worth SAR 21.54 million last year, against net losses worth SAR 15.83 million in 2020.
The company’s revenues soared by 138.15 % to SAR 57.45 million in 2021 from SAR 24.12 million in 2020, according to the recent income statements.
Moreover, the earnings per share (EPS) stood at SAR 2.15 last year, versus losses per share of SAR 1.58 in 2020.
It is noteworthy to mention that during the first half (H1) of 2021, Arab Sea recorded net profits after Zakat and tax worth SAR 9.02 million, against losses worth SAR 3.58 million in H1-20.
