45 Million Riyals, Saudi "Nadec" Losses in the Third Quarter
News - Middle East: The National Agricultural Development Company (Nadec) lost, in 2020 third quarter, 44.89 million riyals, compared to a profit of 49.32 million SAR in the same quarter of 2019.
During the current quarter, the Company assesses the Value in Use (VIU) of the assets related to Sudan project, which showed a decline in the value of the assets amounting to 44 million rials. The losses are due to the increase in the cost of materials due to the elimination of government subsidies on animal feed, the increase in selling and marketing expenses, and administrative and general expenses.
#saudi #Economy About 4 years
-
07:30
Medical sources: 12 martyrs in Israeli airstrikes on several areas in the Gaza Strip since the dawn of today
03:46
Pentagon’s Chief Procurement Officer to Axios: Recent events in the Red Sea confirm that the “Houthis” have become frightening with their remarkable missile capabilities
03:45
Pentagon’s Chief Procurement Officer to Axios: If a ballistic missile hits a combat ship, it’s a very bad day, so we must stay clear of the Red Sea
03:45
Pentagon’s Chief Procurement Officer to Axios: The “Houthis” are increasingly wielding advanced weaponry, including missiles capable of performing astonishing feats
03:44
US Under Secretary of Defense for Acquisition and Sustainment Bill LaPlante to Axios: The “Houthis” have become frightening, what I’ve seen them accomplish over the past six months has stunned me
