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.
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