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Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Raydan posts loss of $6m in H1

Raydan attributed the poor performance to higher general and administrative expenses.
By TRENDS Desk
August 25, 2022 3:23 pm
  • Its accumulated losses, however, hit $47.73 million at the end of the first six months of the year, representing 53 percent of its capital which amounted to $90.13 million
  • According to a bourse filing, the company saw its first-half revenue surge 22 percent to reach $21.33 million

Raydan Food Company of Saudi Arabia has posted a loss of $6 million in the first half of 2022, despite an increase in revenue.

According to a bourse filing, the company saw its first-half revenue surge 22 percent to reach $21.33 million.

Its accumulated losses, however, hit $47.73 million at the end of the first six months of the year, representing 53 percent of its capital which amounted to $90.13 million.

The company attributed the poor financial results to higher general and administrative expenses, a rise in marketing expenses, and a decline in the company’s share of the losses of the associate company.

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