Riyadh – Mubasher: Red Sea International Company’s net losses levelled down by 0.73% on a yearly basis during the second quarter (Q2) of 2020 to stand at SAR 27.3 million.
The marginal decrease in losses was driven by an increase in gross profit and other income, according to a stock exchange statement on Tuesday.
Moreover, revenue for Q2-20 came in at SAR 128.8 million, 4.46% more than SAR 123.3 million in Q2-19.
