The financial statements of the Saudi Printing and Packaging Company showed an increase in losses for the first quarter of this year by 23.4% on an annual basis.

According to the results of the company for the Saudi market, today, Tuesday, the losses for the period amounted to 23.02 million riyals, compared to losses of about 18.66 million riyals for the first quarter of 2018.

The company said that the increase in period losses is mainly due to the increase in the prices of raw materials in the printing and packaging sectors, in addition to the increase in financing costs and the decrease in sales of the printing sector. p>

The company's sales in the first quarter of this year amounted to 202.04 million riyals, compared to 202.57 million riyals for the same period last year, a slight decrease of 0.3%.

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