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The company posted a loss per share of SAR 0.09 in H1-21, versus earnings per share of SAR 0.09 in H1-20, according to the financial results to Tadawul.
Sales shrank by 44% to SAR 56 million in the first six months of 2021 from SAR 100 million in H1-20.
In the second quarter (Q2) of 2021, Makkah Construction’s net losses decreased by 84% to SAR 4 million from SAR 25 million in Q2-20. Meanwhile, the revenues jumped by 450% to SAR 33 million from SAR 6 million.
On a quarterly basis, the net losses in Q2-21 were lower by 63.6% from SAR 11 million in Q1-21, while the sales surged by 43.47% from SAR 23 million.
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