According to the results of the company for the Saudi market (Tadawul) today, the year’s profits reached 642.6 million riyals, compared to profits of 804.1 million riyals for the fiscal year ending March 31, 2019.
The company said in a statement to the stock exchange that the decrease in profits during the comparison years is due to the impact of IFRS 16, in addition to the losses of the decrease in the value of accounts receivable. , Zakat and advertising and marketing expenses.
The company achieved revenues for the fiscal year ending March 31, 2020 at a value of 2.197 billion riyals, compared to 2.176 billion riyals in the same period in 2019, a slight increase of 1% .
