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Anaam Holding FY18 losses shrink 43% on lower costs

2019-03-31 10:22:59 GMT (Economies.com)
 

Anaam Holding Company on Sunday posted a 43.4% decline in net losses for the fiscal year 2018, to SAR 15 million, from SAR 27.8 million a year earlier, according to a bourse statement.

 

The company’s net operating losses amounted to SAR 15.4 million, compared to SAR 27.2 million net operating losses in 2017.

 

The losses decline was ascribed by the company to a decrease in cost of sales, as well as sale and distribution expenses.

 

Anaam earlier logged a 61.2% decline in net loss for the third quarter of 2018 to SAR 2.8 million, from SAR 7.3 million loss in prior-year period.

 

It also logged SAR 6.3 million net loss for the first nine months of 2018, against SAR 17.4 million net profit in the corresponding period of 2017.

 
 
 
  Symbol Last Change Chg.%
1.1083
0.0021
0.1926%
1.3116
-0.0021
0.1629%
Tadawul
8125.68
59.26
0.73%
16.650
0.078
0.470%
58.875
-0.235
0.398%
63.89
-0.45
0.70%
1465.120
5.275
0.361%
 
 
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