According to the results of the company for the Saudi market (Tadawul) today, Thursday, the losses for the period amounted to 18.79 million riyals, compared to losses of 12.55 million riyals for the first quarter of 2019. p>
The company said that the increase in losses during the comparison periods is due to a decrease in sales revenues of 9.7% to 274 million riyals, compared to 303.47 million riyals for the same period last year.
>The increased losses were attributed to the increase in selling and marketing expenses and the decrease in other revenues, despite the decrease in the cost of sales and the decrease in general and administrative expenses and financial expenses.
