Riyadh – Mubasher: Anaam International Holding Group’s net loss declined by 2.32% year-on-year to SAR 2.78 million during the third quarter of 2019.

The company ascribed the decline in its loss to the decline in administrative and general expenses, according to a bourse statement released on Wednesday.

Accumulated loss reached SAR 93.12 million at the end of the third quarter, accounting for 47.5% of the company’s capital.

In the first nine months of 2019, Anaam’s surged to SAR 10.86 million, from SAR 6.3 million in the year-ago period.

The Tadawul-listed company suffered SAR 3.8 million in losses during Q2-19, against profits of SAR 2.1 million in Q2-18.