38.0000
Change
-0.3000
Change %
0.7833%
Open
38.3000
Close
38.2000
High
38.4000
Low
38.0000

Tabuk Agricultural FY18 losses widen to SAR 62 million

2019-03-25 13:27:56 GMT (Economies.com)
 

Tabuk Agricultural Company posted a 105% surge in net losses for the fiscal year 2018, to SAR 62.1 million, from SAR 30.3 million a year earlier, according to a bourse statement.

 

FY18 net operating loss amounted to SAR 36.2 million, compared to SAR 26.2 million.

 

The company ascribed the losses increase to a rise in marketing, general and administrative expenses, as well as amortization of capital project expenses.

 

The agricultural company earlier logged SAR 6.6 million net loss for the first nine months of 2018, up 66.2% year-on-year from SAR 19.4 million.

 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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