According to the results of the company for the Saudi market (Tadawul) today, the losses for the period amounted to 398.19 million riyals, compared to losses of 273.13 million riyals for the second quarter of 2019. p>
The company said in a statement to the Stock Exchange that the high losses during the comparison periods are due to a decrease in the average prices of selling products in addition to the decrease in the quantities sold, despite a decrease in the average Feed cost and decrease in finance costs and general and administrative expenses.
The company's losses in the first half of this year amounted to 914.98 million riyals, compared to losses of 470.62 million riyals for the same period in 2019, an increase of 94.4%. p>
The company's sales in the first half of this year fell 31.1%, to reach 3.425 billion riyals, compared to 4.974 billion riyals for the same period in 2019.
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(Fun Knowledge of Knowledge)
