According to the company's results for the Saudi market (Tadawul) today, Thursday, the losses for the period amounted to 498 thousand riyals, compared to losses of 4.22 million riyals in the first quarter of 2019. p>

The company said in a statement to the Stock Exchange that the decrease in losses during the comparison periods is due to an operating profit of 1.3 million riyals compared to an operating loss for the same quarter of the previous year of 2.6 million riyals .

She explained that the operating profit achieved during the first quarter of this year is the result of an increase in revenue and sales by 29%, as a result of an increase in sales of the agricultural sector 170% compared to the previous quarter, Sales costs decreased 61% due to stopping the production of fodder and reducing production costs.

Also, the decrease in net operating loss as a result of lower depreciation of fixed assets and reduction in the salaries of workers in the agricultural sector and lower administrative and public expenses and selling and distribution expenses, despite the decrease in revenues and other expenses for the quarter Compared to the same quarter last year.