Jahez International for Information Systems Technology achieved a 194.96% jump in annual profits for the year 2021.
According to Arabia Net, the net profit of the company, whose shares began trading in the Nomu market in Saudi Arabia last January, amounted to 117.07 million riyals last year, compared to 39.69 million riyals during the previous year. In 2020, an increase of about 2.9 times.
The company's revenues rose to 1.22 billion riyals, compared to 459.31 million riyals during 2020, as a result of the increase in delivery revenues and the increase in commission income by 459.1 million riyals and 238.9 million riyals straight.
The total value of goods increased in 2021 by 136% to reach 3.3 billion riyals, due to an increase in the number of orders in 2021 by 164% to reach 51.6 million orders compared to 19.5 million requests in the previous year as a result of an increase in the average number of customers by 141% in 2021 compared to the previous year, in addition to an increase in the average number of monthly requests per customer to reach 4.7 requests in 2021 compared to 4.5 requests in the previous year, while the total average decreased The value of goods per order in 2021 to reach 64.8 compared to 72.6 riyals in the previous year.
The average commission rate from stores increased in 2021 to 11.6% compared to 10.6% in the previous year. In addition to the increase in the average number of registered stores to reach 5,550 restaurants in 2021 compared to 2,336 restaurants in the previous year.
