The Saudi Public Transport Company, SAPTCO, lost 377.7 million riyals, compared to 33.9 million riyals profits during 2019.
Its sales fell 31.67%, reaching 1.17 billion riyals, compared to 1.712 billion riyals during the corresponding period.
According to Arabiya Net, quoting the company in a statement that the reason for achieving losses during this year compared to the previous year is due to the decrease in activity revenues as a result of applying the precautionary measures imposed by the official authorities To limit the spread of Coronavirus.
The losses were also attributed to a decrease in the value of assets held for sale, and losses in a joint venture affected by the Coronavirus pandemic, a decrease in other revenues, and a decrease in the share The company is in the profits of an associate company.
The company announced today that the Board of Directors issued a recommendation to the General Assembly of shareholders not to distribute cash dividends to shareholders for the year 2020. Of the company.
