The Saudi Industrial Exports (Saderat) increased its losses by 250% to incur losses of 11.5 million riyals in the second quarter of this year, compared to 3.28 million riyals losses in The same period last year.
According to Arabiya Net, the company clarified in a statement that its net losses amounted to 11.25 million riyals during the first half of this year, a decline of 5%, compared to 11.86 million riyals losses During the same period last year.
The reason for the increase in net loss during the current quarter is the increase in doubtful debts, as well as the increase in general and administrative expenses, despite the increase in other revenues compared to the same quarter of the year The previous year for 2019, according to the company statement.
(Amazon fun knowledge)
