Saudi food chain Herfy reports a 204% jump in profit in 2021

RIYADH: Saudi Herfy food service Co. 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.