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The decrease in quarterly profits was due to higher costs of purchased power and provisions; this was partially offset by the drop in fuel costs and general and administrative expenses, according to a bourse filing on Thursday.
Revenue for Q3-20 reached SAR 20.5 billion, a drop of 1.5% when compared to SAR 20.8 billion in the same period in 2019.
Over the January-September period, the company turned to a net loss of SAR 1.1 billion, against a net profit of SAR 1.98 billion last year.
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