Riyadh – Mubasher: Anaam International Holding Group reported a 23.8% year-on-year decrease in its losses for the first quarter of 2019.

Net losses after zakat and tax stood at SAR 4.21 million in Q1-19, compared to SAR 5.53 million in Q1-18, according to the company’s filing to the Saudi Stock Exchange (Tadawul) released late on Sunday.

Total revenues of the Saudi-based company plunged 51% to SAR 2.5 million during the first three months of 2019, against SAR 5.2 million in the same period of the prior year.

Losses per share (LPS) reached SAR 0.22 in the three-month period ended March, from SAR 0.29 in the year-ago period.