Riyadh – Mubasher: Bishah Agriculture Development Company posted net losses of SAR 517,000 in the fourth quarter of fiscal year 2015, versus SAR 1.1 million in the same period of 2014, with a decline of 54%.
Net losses rose by 14% to SAR 1.5 million in 2015 from SAR 1.3 million in the previous year, according to the company’s financial statements.
The company attributed the year-on-year decline in losses in Q4-15 to the increasing sales and decrease in costs of sales and administration expenses.
Meanwhile, the month-on-month rise in losses was a result to high administration expenses and low miscellaneous income.
