Raoom Trading Profits Decrease to SR25 mln at end of 2021 by 5%

The Raoom Trading Company net profit after zakat and tax decreased to SR25 million during the year 2021, compared to SR26 million during the year 2020, at a rate of 5%.

This came after Raoom announcement on Sunday of the annual financial results ending on 31.12.2021 (12 months).

The operational profit during the current period amounted to SR28 million, compared to SR29 million during the same period last year, down 5%.

The gross profit during the current period, it amounted to SR38 million, compared to SR39 million during the same period of the previous year, a decrease of 4%.

Profits per share during the current period amounted to SR4.98, compared to SR5.21 during the same period last year.

The main reason for the decrease in the profit of the current year compared to the previous year is due to the increase in the cost of revenue during the current year:

“We want to draw attention to the company’s announcement on the Saudi Stock Exchange (Tadawul) that the shares of Raoum Trading Company will be listed and started in the parallel market growth since Monday 21.02.2022 with the Tadawul code 9529 and the international code SA15GH84KSH5 And that the daily price fluctuation limits be +/-30% with fixed limits of price fluctuation at +/-10%”, the company concluded.