Fitaihi Holding Group announces the annual consolidated financial results for the period ending on 31-12-2015
ELEMENT CURRENT YEAR PREVIOUS YEAR % CHANGE Net profit (loss) 5,724,064 70,146,833 -91.84 Earning or loss per share, Riyals 0.1 1.28 – Gross profit (loss) 101,120,602 166,543,416 -39.28 Operational profit (loss) -17,607,809 50,880,394 – All figures are in Saudi Arabia, Riyals ELEMENT EXPLAINATION Reasons of annual financial results The decline in net profits in the Year 2015, compared to the Year 2014, is mainly due to the following: 1- The decline in sales, by 11.7%, as the Group achieved sales amounting to 263.6 million... Read More