Saudi Emaar Al Madinah: losses up 135% in Q2 2019 | Company News



[ad_1]

Emaar, the economic city of Saudi Arabia, recorded a net loss of 135% in the second quarter of this year compared to the same period last year, reaching 115 million SAR.
The company's losses in the first half of this year increased 120 percent year-over-year to 101 million riyals.

The Company attributed the reason for the increase in its losses in the second quarter of this year to a number of factors, including the launch of new operating badets after the second quarter of 2018 and the initial losses incurred following the commencement of operations of these businesses. badets.

[ad_2]
Source link