The financial statements of the Serra Holding Group Company showed the company's profitability shift in the past year compared to the losses for 2018.

According to the results of the company in the Saudi market (Tadawul) today, last year’s profits amounted to 189 million riyals, compared to the 2018 losses of 142 million riyals.

The company said in a statement to the Stock Exchange that the improvement in results is due to the group achieving the highest total value of bookings ever worth 10.9 billion riyals for 2019, with a 49% increase in unit Individual travel.

In contrast, the Group's revenues decreased marginally by 5% in 2019 compared to the previous year, due to more competitive prices for some services in order to protect and increase the market share that Affected the company margins.

Revenue last year was 2.19 billion riyals, compared to 2.3 billion riyals in 2018, a decrease of 4.8%.

The company's management has determined that there was no entitlement to the sales incentive commission of 33.8 million riyals for the year ended December 31, 2016, and this was determined by a judicial order received Against the company during the year.