RIYADH: Saudi food delivery platform Jahez reported an 85 percent surge in profit for the first half of 2022, bolstered by increased user demand and a rise in orders booked through its app.
The Riyadh-based firm made a profit of SR53.2 million ($14.2 million), against SR28.7 million in the year-ago period, according to a stock exchange filing.
The profit surge was mainly driven by a revenue jump of 60 percent to SR778 million, from SR486 million in the corresponding period last year, Jahez said.
Orders made through the app surged by 46 percent to 31.5 million during the six months, as the average number of users soared by 48 percent.
The increase in orders led to higher delivery and operational costs for the company, but it managed to almost double its restaurants to 7,879, from 4,742 in June last year.
