Themar’s losses decreased by 35% to 1.1 million riyals in the second quarter of 2021

The losses of Themar Development Holding Company decreased by 35.27% in the second quarter of 2021, to about 1.13 million riyals, compared to losses of about 1.74 million riyals in the same quarter of 2020.

The company’s losses decreased by 14.8% in the second quarter of 2021, compared to losses of about 1.32 million riyals in the first quarter of 2021.

In a statement on “Tadawul Saudi Arabia”, today, Monday, the company attributed the decline in losses in the second quarter of 2021, on an annual basis, to a decrease in general and administrative expenses, and an increase in other revenues.

During the first half of 2021, “Themar” losses decreased by 33.37% to about 2.45 million riyals, compared to 3.68 million riyals in losses for the same period of 2020.

The company recorded accumulated losses of about 68.95 million riyals by the end of the first half of 2021, representing 68.95% of the capital of 100 million riyals.