The financial statements of the Food Development Business Company showed that the company had turned in losses for the six months ending on 30 June 2020.
according to the company's results for the Saudi market (Tadawul), today, Tuesday, losses for the period amounted to 6.02 million riyals, compared to the profits for the same period in 2019 of 3.7 million riyals. < / p>
The company said in a statement to the Stock Exchange that the review of results during the comparison periods is due to the decrease in sales by 44% due to the decisions issued by the competent authorities as part of the precautionary measures and measures to limit the spread of the virus Corona, the new.
She explained that these measures included closing branches, limiting service to delivery requests, and reducing working hours at branches, despite the reduction in operational costs and general and administrative expenses.
The company achieved revenues of 48.68 million riyals in the first six months of this year, compared to 70.69 million riyals for the same period last year, a decrease of 31.1%. / p>
(Amazon Fun Knowledge)
