Saudi restaurant operator Development Works Food Co. posts 6 mln riyals loss for first-half


Development Works Food Co. posted 6.015 million riyals ($1.6 million) in losses for the first six months of the year.

The company made a profit of 3.7 million riyals for the same period in 2019. 

It reported a 31% drop in sales to 48.681 million riyals compared to 70.691 million riyals during the same period last year, according to a bourse filing on Tuesday (September 8).

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Earnings