Riyadh – Mubasher: SABIC Agri-Nutrients Company achieved net profits after Zakat and tax worth SAR 10.03 billion in 2022, an annual jump of 91.98% from SAR 5.22 billion.

Revenues amounted to SAR 18.98 billion as of 31 December 2022, higher by 97.88% year-on-year (YoY) than SAR 9.59 billion, according to the annual income statements.

Meanwhile, the earnings per share (EPS) stood at SAR 21.08 last year, up from SAR 10.98 in 2021.

In the first nine months (9M) of 2022, the Saudi firm generated SAR 7.86 billion in net profit after Zakat and tax, a 219.19% YoY leap from SAR 2.46 billion.

The company’s revenues hiked by 166.10% to SAR 14.77 billion in 2022 from SAR 5.55 billion in 2021, while the EPS jumped to SAR 16.53 from SAR 5.18.