Money and business
Sinad Holding losses fell to 3.9 million riyals in 2024
The losses of Snad Holding Company in 2024 decreased by 97% to 3.9 million riyals, compared to losses of 132.6 million riyals in 2023.
According to the company’s statement on the circulation of Saudi Arabia, the reason for the decrease in the net loss during the year compared to the previous year is due to the high total profits and the achievement of operational profits during the year, in exchange for an operational loss during the previous year.
This is mainly due to the high total profit from sales, low sales and distribution expenses, administrative and public expenses, and reflected the expected credit losses, in addition to the increase in other operational revenues and a decrease in zakat and income tax.
According to the company’s statement on the circulation of Saudi Arabia, the reason for the decrease in the net loss during the year compared to the previous year is due to the high total profits and the achievement of operational profits during the year, in exchange for an operational loss during the previous year.
This is mainly due to the high total profit from sales, low sales and distribution expenses, administrative and public expenses, and reflected the expected credit losses, in addition to the increase in other operational revenues and a decrease in zakat and income tax.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
Follow Us
