Riyadh – Mubasher: Abdullah Abdul Mohsen Al Khodari Sons (Al Khodari) on Sunday reported a 73% year-on-year fall in losses for the second quarter of 2018.
Net losses amounted to SAR 4.86 million in the three-month period ended 30 June, compared to SAR 18.09 million in Q2-17, according to the company’s statement to the Saudi Stock Exchange (Tadawul).
The company attributed the loss decline to a drop in costs and administrative expenses.
For the first half of 2018, the Saudi-based firm turned a profit with SAR 1.9 million, against a loss of SAR 29.6 million in H1-17.
