Riyadh – Mubasher: Saudi fisheries Company disclosed its interim financial results for the second quarter of 2019.

Net losses after zakat and tax hiked by 50.6% to SAR 10.1 million in Q2-19, compared to SAR 6.7 million in Q2-18, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Wednesday.

Total revenues retreated by 5.29% year-on-year to SAR 4.47 million during the three-month period ended June.

For the first half of 2019, net losses of Saudi fisheries jumped by 52.3% to SAR 19.4 million, from SAR 12.75 million in H1-18.

The company generated SAR 9.7 million in revenues during the first six months of 2019, 19.12% down from SAR 12.09 million in the same period of the previous year.