According to the results of the company for the Saudi market (Tadawul) yesterday, Wednesday, profits for the period reached 4.39 million riyals, compared to profits of 7.32 million riyals in the first quarter of 2019. p>
The company said in a statement to the Stock Exchange that the decline in profits during the comparison periods is due to the decline in revenue in the first quarter of 2020 compared to the same quarter of the previous year as a result of the impact of the new Corona epidemic ( Coffed 19).
The company also attributed the decline in profits during the first quarter of 2020 to the high cost of revenue compared to the same quarter in the previous year.
The company recorded revenue of 213.76 million riyals in the first quarter of 2020, compared to 214.15 million riyals for the same period last year, a slight decrease of 0.2%.
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