Zahrat Al Waha records profits in H1

Sales grew 4.5%

Traders work at the Egyptian stock exchange in Cairo, March 12, 2015.

Traders work at the Egyptian stock exchange in Cairo, March 12, 2015.

REUTERS/Mohamed Abd El Ghany
Riyadh – Mubasher: Zahrat Al Waha for Trading Company achieved net profits after Zakat and tax worth SAR 36.6 million during the first half (H1) of 2021, compared to SAR 19.53 million in H1-20.

Earnings per share stood at SAR 2.44 in the January-June 2021 period, higher than SAR 1.3 in the same period last year, according to the initial income statements on Tuesday.

Sales grew 4.5% to SAR 242.72 million in H1-21 from SAR 232.26 million in H1-20.

During the second quarter (Q2) of 2021, Zahrat Al Waha registered an annual surge of 145.8% in net profit to SAR 16.27 million from SAR 6.62 million in Q2-20.

The sales also rose by 14.7% to SAR 124.58 million in Q2-21 from SAR 108.61 million in Q2-20.

On a quarterly basis, the net profits in Q2-21 were lower by 19.9% than SAR 20.32 million in Q1-21. The sales, meanwhile, went up 5.4% from SAR 118.13 million.

Source: Mubasher

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