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Earnings per share stood at SAR 1.19 million in Q1 of fiscal year (FY) 2021/2022, compared to SAR 2.2 in Q1-20/21, according to the initial income statements on Thursday.
Sales shrank by 13% to SAR 492.4 million in Q1-21/22 from SAR 565.99 million in Q1-20/21.
On a quarterly basis, SADAFCO’s net profits in the April-June 2021 period were lower by 32% than SAR 55.92 in Q4-20/21, which ended on 31 March this year. The sales also declined by 5.6% from SAR 521.98 million.
It is worth noting that during FY20/21, the company recorded a net profit after Zakat and tax worth SAR 260.89 million.
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