The profits of “Waga” decreased to 1.13 million riyals in the first quarter of 2025

The profits of the Waga company in the first quarter of 2025 decreased by 76% to 1.13 million riyals, compared to 4.74 million riyals in the same quarter of last year.
According to the company’s statement on Saudi Arabia’s circulation, the decrease is mainly due to the decline in revenues and the decrease in profitable margins.
The decrease in net profit is mainly attributed to a decrease in revenues and the decrease in profitable margins.