Land’or Group has published its consolidated financial statements as of December 31, 2021 as they will be submitted for approval to the Ordinary General Meeting ruling on the financial year 2021.
These statements show a record net profit of 9.6 million dinars.
The cheesemaker has thus increased its net profit by 38% last year after a gain of 7 million dinars in 2020.
This performance is the result of the sharp increase in the group’s revenues, which rose from 131.5 million dinars to 160 million between December 2020 and December 2021, up 21%.
As for operating expenses, they grew from 123.5 million dinars in 2020 to 147.5 million last year, up 19%.
As a result, the operating income rose by 46% to 13.4 million dinars, compared to 9.1 million a year earlier.
Regarding the individual financial statements, the parent company has generated a net profit of 7.7 million dinars in 2021, against 6.2 million a year earlier.
