Riyadh – Mubasher: Aseer Trading, Tourism, and Manufacturing Company (Aseer) has incurred net losses after Zakat and tax worth SAR 63.5 million in 2021, an annual increase of 30.92% from SAR 48.5 million.

The company’s revenues reached SAR 1.71 billion last year, up 9.02% from SAR 1.56 billion in 2020, according to a bourse filing.

Moreover, the loss per share settled at  SAR 0.5 in 2021, versus SAR 0.38 in 2020.

It is worth noting that during the first nine months (9M) of 2021, the company logged a 3.7% year-on-year (YoY) rise in losses to SAR 8.5 million.