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Red Sea International Co. 2021 Annual Results

Revenue

SAR 424M

Net Profit

SAR -130M

Red Sea International Co. (4230) reported full year 2021 revenue of SAR 424M, down 12.9% from SAR 487M in 2020. Net profit came in at SAR -130M, up 17.6% year on year. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Key Financial Metrics

Metric	2021	2020
Revenue	SAR 424M	SAR 487M
Net Profit	SAR -130M	SAR -158M
Gross Profit	SAR 44M	SAR 46M
Net Margin	-30.8%	-32.5%
ROE	-42.2%	-35.8%
Total Assets	SAR 952M	SAR 1.04B
Total Equity	SAR 309M	SAR 442M

Year on Year Comparison

Revenue decreased by 12.9% compared to 2020. Net profit increased by 17.6%. Revenue declined but profit grew — indicating improved efficiency or cost control.

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Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2022-03-30.