Saudi Electricity Company losses increased by 63.9% in the first quarter of 2020.
According to Arabia Net, the company said in a statement that the net losses amounted to 2.44 billion riyals in the first quarter of 2020, compared to 1.489 billion riyals during the same period of the year The past. She added that the reason for the increase in net loss is mainly due to the increase in the energy expense purchased and the financing charges, in addition to the positive impact of the corresponding quarter of the previous year positively by a reverse provision. p>
