Riyadh – Mubasher: The National Company for Glass Industries (Zoujaj) achieved net profits after Zakat and tax worth SAR 19.2 million in the first half (H1) of 2021, against losses of SAR 7.7 million in H1-20.
Earnings per share amounted to SAR 0.58 in H1-21, versus a loss per share of SAR 0.24 in H1-20, according to the financial results on Thursday.
Revenues declined by 3.6% to SAR 39.6 million in H1-21 from SAR 41.1 million in H1-20.
In the second quarter (Q2) of 2021, Zoujaj also turned profitable at SAR 10.3 million, against losses worth SAR 10.1 million in Q2-20.
The revenues shrank by 15.7% to SAR 16 million in Q2-21 from SAR 19 million in Q2-20.
On a quarterly basis, the net profits in Q2-21 were 15.7% higher than SAR 8.9 million in Q1-21, while the revenues decreased by 32% from SAR 23.6 million.
