Saudi foodservice company Herfy quarterly profit rebounds on 88% revenue increase
Saudi Arabia’s Herfy posted 26.67 million riyals ($7.11 million) in net profit for the second-quarter as revenue jumped by 88%, compared to a loss of 34.24 million riyals for the same three months in 2020.
Herfy’s revenue reached 319.98 million riyals for the three months through June compared to 170.1 million riyals for the same quarter last year, the company reported in a bourse filing on Tuesday (July 13).
Herfy is best known for its fast food restaurants and bakeries. It also operates its own meat processing business line.
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