Al-Sharqiya Development’s losses fell 3% to 736,000 riyals in the second quarter

The Eastern Development Company’s losses decreased by 2.9% in the third quarter of 2022, to about 736.4 thousand riyals, compared to losses of about 758.6 thousand riyals in the same quarter of 2021.

Al-Sharqiya Development’s losses decreased 82% in the third quarter of 2022, compared to losses of approximately 404.7 thousand riyals in the second quarter of 2022.

The company said today, Wednesday, in a statement on “Tadawul Saudi Arabia”, that the decline in losses in the third quarter of 2022, on an annual basis, is due to the decrease in some items of expenditure, the most important of which are salaries and taxes and subscriptions.

The losses of “Al-Sharqiya Development” fell by 50.3% to about 1.74 million riyals in the first nine months of 2022, compared to losses of about 3.5 million riyals in the same period of 2021.

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