Riyadh - Mubasher: The net profits after Zakat and tax of Tanmiah Food Company declined by 81.7% to SAR 13.56 million in 2021, compared to SAR 74.41 million a year earlier, the interim financial results showed.
The company generated revenues of SAR 1.53 billion in 2021, higher by 27% than SAR 1.21 billion in 2020.
The earnings per share stood at SAR 0.68 last year, versus SAR 3.72 in 2020.
During the fourth quarter (Q4) of 2021, Tanmiah recorded net losses of SAR 12.36 million, against profits of SAR 30.38 million in the year-ago period.
Sales rose to SAR 414.53 million in Q4 that ended on 31 December 2021, an increase of 24.9% compared to SAR 331.88 million during Q4-20.
On a quarterly basis, the Saudi listed company incurred losses in Q4-21, against profits of SAR 3.7 million, and revenues increased by 6.3% from SAR 389.9 million in Q3-21.
