Riyadh – Mubasher: The preliminary financial statements of National Agricultural Marketing Company (Thimar) showed that the company turned to losses in the first quarter of 2019.

Net losses stood at SAR 2.18 million in Q1-19, against SAR 1.48 million in profits in Q1-18, according to a bourse filing on Thursday.

The company attributed the losses to a drop in sales over the quarter, coupled with higher costs.

In May, Thimar announced that it would not be able to disclose its financial results for Q1-19.

Accordingly, the Saudi Stock Exchange (Tadawul) suspended trading on Thimar’s stock until disclosing first-quarter financials.