Riyadh – Mubasher: Anaam International Holding Group has reported a 551.6% year-on-year surge in its losses during the fiscal year 2019.

Anaam’s net loss soared to SAR 97.76 million last year, compared to SAR 15 million in 2018, according to a bourse statement released on Thursday.

In the fourth quarter of 2019, net loss grew to SAR 87 million, from SAR 8.7 million a year earlier.

It is worth highlighting that Anaam’s loss surged to SAR 10.86 million in the first nine months of 2019, against SAR 6.3 million in the year-ago period.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.