“Naseej” records losses of 14.5 million riyals during Q2

Naseej recorded a net loss during the second quarter of 14.5 million riyals compared to a profit of 583 thousand riyals in the same quarter last year, following the announcement today of the preliminary financial results for the period ending June 30, 2024 (six months).

The operating loss amounted to 8.4 million riyals in the second quarter compared to a profit of 4.5 million riyals in the same quarter of the previous year.

Total equity (after excluding non-controlling interests) amounted to 75.7 million riyals in the 6-month period compared to 110 million riyals in the same period last year, a decrease of 31.1%.

The loss per share in the current period reached 1.32 riyals compared to a profit of 0.43 riyals in the same period last year.