RIYADH: Saudi Herfy food service Co.'s shares up today as yearly profits jumped.
The closing bell saw shares reach SR57, compounding gains from SR55 the day prior.
Hergy has reported a 204 percent jump in profit during 2021, driven by increase in sales.
Profit peaked to SR160 million ($42.6 million), compared to SR52 million a year earlier, according to a bourse filing.
The profit hike was mainly attributed to a 22 percent increase in sales, along with a decrease in general and administrative expenses and finance costs.
