Riyadh – Mubasher: Anaam International Holding Group reported its interim financial results for the second quarter of 2019.

The company suffered SAR 3.8 million in losses during Q2-19, against profits of SAR 2.1 million in Q2-18, according to a recent statement to the Saudi Stock Exchange (Tadawul).

Revenues of the Saudi firm shrank by 88% year-on-year to SAR 1.7 million during the three-month period between April and June.

For the first half of 2019, Anaam deepened its losses recording SAR 8.08 million, up 131% from SAR 3.49 million in H1-18.

Total revenues plunged by 78.4% to SAR 4.3 million during the first six months of 2019, compared to SAR 20.08 million in the same period of the prior year.

Loss per share stood at SAR 0.41 by the end of June, from SAR 0.18 in the corresponding period last year.