Meyar profits increase slightly to SAR 4.5 million at the end of 2022 by 0.07%

Meyar Company net profit after zakat and tax during the year ending in 2022 grew slightly to SAR 4.5 million, compared to SAR 4.4 million in 2021, by 0.07%. This came after the announcement on Wednesday of the annual financial results ended on 31.12.2022.

The operating profit amounted to SAR 3 million during the year ending in 2022, compared to SAR 4 million in the previous year, a decline of 34%.

The total profit amounted to SAR 8.3 million in the current year, compared to SAR 9.33 in the previous year, a decrease of 11%.

Profits per share in the current year amounted to SAR 4.2, compared to SAR 4.2 in the previous year.

The reason for the increase in net profit during this year compared to the previous year is mainly due to the increase in other revenues from SAR 627,783 to SAR 1,791,498.