The Saudi Fisheries Company reduced its losses by 11.3% to reach 33 million riyals in 2019, compared to 37.25 million riyals in 2018.
According to ArabiaNet, the company said, in a statement, that the reason for the decrease in net loss and operating loss for the current year compared to the previous year was due to higher sales and profit margins, as well as a decrease in both factory and farm expenses by 57% and 23%, respectively.
She added that the positive impact of the revaluation of zakat allocators and spare parts inventory contributed to reducing losses.
