Al-Jouf Profits Increase to SR4.7 mln by End of 2021, by 3%

The net profit of Aljouf Mineral Water Bottling Company, after zakat and tax, grew to SR4.70 million during the year 2021, compared to SR4.56 million during the year before last, at a rate of 3%.

This came after Aljouf Mineral Water Bottling announcement on Tuesday of the annual financial results ending on 31.12.2021 (12 months).

The operational profit during the current period amounted to SR5.15 million, compared to SR4.71 million during the same period last year, a growth of 9%.

The gross profit during the current period, it amounted to SR34.24 million, compared to SR36.76 million during the same period last year, a decrease of 6.9%.

Profits per share during the current period amounted to SR1.88, compared to SR1.83 during the same period last year.

The reason of the increase (decrease) in the net profit during the current year compared to the last year is

The company’s reduction of the direct cost after converting the packages to lower weights with a short neck, as well as rationalization in selling and distribution costs, as well as rationalization in financing costs.

Some comparative figures have been rearranged and classified where necessary, for better comparison and presentation purposes