Riyadh – Mubasher: The Saudi Paper Manufacturing Company reported a decline in net profits by 75.3%, as shown by its interim financial results.
Net losses decreased to SAR 27.47 million in 2019, compared with SAR 111.22 million in 2018.
The company attributed this to lower liabilities and administrative costs.
During the fourth quarter (Q4) of the year, net losses decreased by 81.07% to SAR 11.27 million, down from SAR 59.55 million in Q4-18.
