The financial statements of Saudi Kayan showed that the company transformed losses in the past year with a value of 636.77 million riyals, compared to 2018 profits of 1702.24 million riyals.
The company said in a statement to the Saudi market (Tadawul) today, Sunday, that the losses are due to the low average prices for selling products, despite the high quantities produced and sold and the low average cost Feed and general and administrative expenses.
According to the results, the company's sales fell 22.2% last year to 9.54 billion riyals, compared to 12.26 billion riyals in 2018.
Kayan indicated that some comparative figures have been reclassified in line with the presentation of the current period.
