The Saudi Industrial Development Company incurred losses of 4.3 million riyals in the second quarter of 2021, compared to profits of the same value in the corresponding period of last year, and attributed this to the increase in operating expenses.
According to Arabia Net, the company's revenues amounted to 41.9 million riyals, compared to 41.6 million riyals during the corresponding period, an increase of 0.7%.
During the first half, the company's total losses amounted to 6.1 million riyals, compared to 5.7 million riyals losses during the first half of last year.
The company's total accumulated losses amounted to 28.97 million riyals, representing 7.24% of the capital.
