Group Five Pipe Saudi reports SR18.7 mln loss in H1‎

Saudi Group Five Pipes Company recorded a net loss after zakat and tax in the first half of 18.7 million riyals, compared to a profit of 29 million riyals in the same period last year (6 months).

The operational loss amounted to 13 million riyals in the first half, compared to a profit of 42 million riyals in the same period of the previous year

The gross loss amounted to 7 million riyals in the sixth period, compared to a profit of 40 million riyals in the same period last year.