The annual financial statements of Jabal Omar Development Company showed the company's transformation of the loss at the end of the first quarter of this year compared to the same period last year.
According to the results of the company for the Saudi market (Tadawul) today, Monday, the losses for the period amounted to 217.25 million riyals, compared to the profits of the first quarter of last year of 1.62 riyals. >
The company said in a statement to the stock exchange that the decline in results during the comparison periods is due to the decrease in other revenues.
The company achieved revenues of 179.39 million riyals in the first quarter of this year, compared with 177.62 million riyals for the same period in 2019, an increase of 1%.
