Riyadh – Mubasher: Saudi Printing and Packaging Company incurred net losses after Zakat and tax worth SAR 59.3 million in 2021, an annual increase of 188.70% from SAR 20.54 million.

The company’s revenues stood at SAR 783.64 million last year, up 2.07% from SAR 767.69 million in 2020, according to a recent bourse disclosure.

The loss per share enlarged to SAR 0.99         in 2021 from SAR 0.34 in 2020.

In the third quarter (Q3) of 2021, Saudi Printing reported net losses after Zakat and tax worth SAR 17.75 million, versus profits totalling SAR 1.82 million in the same three months a year earlier.