Riyadh – Mubasher: Herfy Food Services Company turned to net losses valued at SAR 18.59 million in the first quarter (Q1) of 2025, against net profits worth SAR 448,244 in Q1-24.
The revenues dropped by 7.08% year-on-year (YoY) to SAR 268.55 million in Q1-25 from SAR 289.04 million, according to the financial results.
Loss per share hit SAR 0.29 during the first three months (3M) of 2025, versus an earnings per share (EPS) of SAR 0.01 a year earlier.
Quarterly, the Q1-25 net losses plunged by 68.95% from SAR 59.90 million in Q4-24, while the revenues increased by 4.92% from SAR 255.95 million.
Last year, the company shifted to net losses of SAR 116.52 million, when compared to a net profit valued at SAR 8.38 million in 2023.
