National manufacturing company has reduced its losses at more than 73%, reaching 447 million riyals in 2020, compared with 2019, where it was 1 billion and 676 million riyals.
According to Arab Net, the reason for decreasing net loss is mainly due to the registration of the company's loss of reassessing the assets of Christyl, which was sold to Tronx and the provision of financial support to the acrylic compound in the previous year, announced in a trading site with the results of the 2019 consolidated company .
The company also noted in its statement on Tuesday, on Tuesday to a decline in decline in the value of non-traded assets for the Advanced Metal Industries Complex and Finance Costs compared to 2019, despite a dedicated registration of SR 321 million (267 million riyals), opposite Long-term supply contracts for raw material (metal TICL4) for advanced metal industries complex, and Tuhu for Titanium Co., Ltd. is one of the joint venture companies, the average selling prices for most products and company share in associates associates, joint ventures and customized dedicated Zakat.
