Alhasoob Records Profit of SR12mln by end of 2021

Net profits of Alhasoob Co. grew (after zakat and tax) by 8% to SR 12 million in the year of 2021 from SR 11 million.

Operational income of Alhasoob rose 9% to SR 13 million compared to SR 12 million in 2020.

The company added in its financial result statement published on Tadawul today that gross profits soared 20% to SR 24 million from 20 million in the previous year.

Moreover, profit per share (EPS) rose to SR 8.54 in 2021 from SR 7.88 during the same period of the year before.

The increase in net profits is mainly due to the decrease in the cost of sales.