According to the results of the company for the Saudi market (Tadawul) today, Sunday, the losses for the period amounted to 5.94 million riyals, compared to the losses of the first quarter of last year, amounting to 23.51 million riyals. p>
The company said in a statement to the Stock Exchange today that the decrease in losses during the comparison periods is due to increased sales and lower cost of sales.
The decrease in losses was also attributed to a decrease in the net valuation of the decline in the value of stocks and crops at the point of harvest; This led to the recording of gross profit versus the total loss in the comparison period and the decrease in selling and distribution expenses.
The company recorded total sales of 15.64 million riyals in the first quarter of this year, compared with 8.17 million riyals in the same period of 2019, a significant increase of 91.4 %.
