According to the results of the company for the Saudi market (Tadawul) today, Sunday, the losses for the period amounted to 39.94 million riyals, compared to the losses of the first quarter of last year of 10.69 million riyals. p>

The company said in a statement to the Stock Exchange today that the high losses during the comparison periods are due to the decrease in revenues from the main activity of the company because of its impact on the precautionary measures of Corona virus despite the increase in total revenue during the quarter Due to the high activity income of the subsidiary.

The company also attributed the exacerbation of losses to higher activity costs, selling and distribution expenses, financing costs, and lower other revenues, and the achievement of losses in a joint venture because its business was affected by the Corona Virus pandemic. p>

The company recorded total sales of 420.06 million riyals in the first quarter of this year, compared to 411.06 million riyals in the same period of 2019, an increase of 2.2%.