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
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06:09
Palestinian medical sources: 31 martyrs reported in the continuous Israeli bombardment on various areas in the Gaza Strip since dawn today.
06:09
Palestinian sources: At least 12 were killed, most of them children, in the Israeli attack on a home in Jabalia al-Nazla, northern Gaza Strip
04:13
Palestinian medical sources: 21 martyrs in continuous Israeli strikes on various areas in Gaza since dawn today.
04:12
Palestinian sources: The number of martyrs in the Israeli attack on a residential apartment in the Nuseirat refugee camp in central Gaza has risen to 7.
04:12
The National: A relentless confrontation is taking place with some of the world’s most advanced armies.
