Money and business
The loss of “tissue” is 167.4% to 42.6 million riyals in 2024
The losses of the Global Commercial Company in 2024 increased by 167.4% to 42.6 million riyals, compared to 15.9 million riyals in 2023.
According to the company’s statement on the circulation of Saudi Arabia, the reason for the rise in the net losses during this year compared to the previous year is:-
1 -The decrease in the volume of production, which increased the costs of the manufactured goods in addition to the decrease in sales.
2- The company incurred unenviable expenses, including the financial burdens resulting from the extension of loan entitlements.
According to the company’s statement on the circulation of Saudi Arabia, the reason for the rise in the net losses during this year compared to the previous year is:-
1 -The decrease in the volume of production, which increased the costs of the manufactured goods in addition to the decrease in sales.
2- The company incurred unenviable expenses, including the financial burdens resulting from the extension of loan entitlements.
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