The National Construction & Marketing Company's financial statements showed last year’s earnings down 76.2% year on year.
According to the results of the company for the Saudi market (Tadawul), the profits of last year amounted to 6.8 million riyals, compared to 2018 profits of 28.54 million riyals.
The company said in a statement to the Stock Exchange that the decline in profits during the comparison years is due to the increase in the cost of sales and the formation of a provision for claims and a provision for a decrease in the value of receivables.
Despite the decline in profits last year, the company's sales increased 2.2% to 170.81 million riyals, compared to 167.12 million riyals in 2018. p>
