Riyadh – Mubasher: The estimated net profits after Zakat and tax of United Electronics Company (eXtra) jumped by 41.61% to SAR 396.7 million in 2021 from SAR 280.14 million in 2020.

The company generated revenues of SAR 5.834 billion in 2021, down 2.145% from SAR 5.962 billion in the earlier year, according to a bourse filing on Monday.

The earnings per share (EPS) settled at SAR 6.61 last year, compared to SAR 4.67 in the previous year.

During the fourth quarter (Q4) of 2021, the company reported an 89% hike in net profits after Zakat and tax to SAR 125.9 million from SAR 101.64 million in the year-ago period.

It is noteworthy to mention that during the third quarter (Q3) of 2021, eXtra recorded a 66.73% rise in net profits after Zakat and tax to SAR 89.1 million from SAR 53.44 million in the year-ago period.