Riyadh – Mubasher: Electrical Industries Company (EIC) posted its interim financial results for the three-month period between April and June.

The company incurred SAR 1.7 million losses during Q2-19, against profits of SAR 1.9 million in Q2-18, according to the firm’s statement to the Saudi Stock Exchange (Tadawul).

As for revenues, they inched down by 1.3% to SAR 154.4 million in Q2-19, compared to SAR 156.5 million in the same period of the prior year.

For the first six months of 2019, net losses of EIC reached SAR 5.8 million, versus profits of SAR 12.9 million in H1-18.

Total revenues decreased by 23.6% year-on-year to SAR 260.6 million during the six-month period between January and June.