Riyadh – Mubasher: The net losses after zakat and tax of Naseej International Trading Company plunged by 72.084% to SAR 10.29 million in the first six months of 2021 from SAR 36.861 million in the same period of 2020.

The company's revenues hiked by 70.134% to SAR 136.126 million in the first half (H1) of 2021, compared to SAR 80.011 million in the year-ago period, according to a bourse filing on Thursday.

The losses per share stood at SAR 1.67 in the January-June period of 2021, against SAR 2.59 in the corresponding period of 2020.

Meanwhile, the company incurred accumulated losses of SAR 16.489 million, representing 26.75% of the capital.

It is noteworthy to mention that during the first quarter (Q1) of 2021, the company posted a net loss after Zakat and tax of SAR 5.26 million, down by 73% from SAR 19.54 million in Q1-20.