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SADAFCO records SAR 261m net profits in full year

SADAFCO records SAR 261m net profits in full year
SADAFCO posted a profit per share of SAR 8.14
SADAFCO
2270
0.88% 184.00 1.60

Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) achieved a net profit after Zakat and tax worth SAR 260.89 million during the year ended on 31 March 2021.

The net income was 1.59% lower than SAR 265.11 million in the prior year, according to a disclosure to Tadawul on Monday.

SADAFCO posted a profit per share of SAR 8.14 in the full year ended last March, compared to SAR 8.32 in the previous year.

Revenues increased by 2.39% year-on-year (YoY) to SAR 2.1 billion from SAR 2.05 billion.

During the fourth quarter (Q4) that ended on 31 March 2021, the board approved an increase in the interim dividend to SAR 3 per share from SAR 2.5, which was paid in January.

In the third quarter (Q3) ended on 31 December 2020, SADAFCO achieved a net profit of SAR 64.2 million.