Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Goldwind 2024 revenue up 12.5%

The clean energy giant posted $7.8bn in revenue for 2024.

Emaar to pay $2.39bn dividend

The company had posted $19bn in property sales for 2024.

Abdulmohsen Alhokair of KSA reports 17.8% jump in net losses

A handout picture provided by the Saudi Royal Palace on April 18, 2018, shows mime actors sitting outside the AMC cinema in the capital Riyadh ahead of the first test film screening in over three decades. Blockbuster action flick "Black Panther" play at a cinema test screening in Saudi Arabia on April 18, the first in a series of trial runs before movie theatres open to the wider public next month. The conservative kingdom lifted a 35-year ban on cinemas last year as part of a far-reaching liberalisation drive, with US giant AMC Entertainment granted the first licence to operate movie theatres. / AFP PHOTO / Saudi Royal Palace / BANDAR AL-JALOUD / XGTY / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / SAUDI ROYAL PALACE / BANDAR AL-JALOUD" - NO MARKETING - NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS
By TRENDS Desk
November 7, 2021 9:34 pm
  • Net losses increased to SR123.87 million in the first 9 months of 2021 from SR105.15 million during the same period of the last year
  • The group’s net profit for the third quarter in 2021 has increased by 106 percent

Abdulmohsen Alhokair, the Saudi entertainment group, has reported an increase in net losses by 17.8 percent during the first 9 months of 2021, despite it turning into profit in third quarter as the group managed to record a net profit of SR6.2 million ($1.6 million), a bourse filing revealed.

Net losses increased to SR123.87 million in the first 9 months of 2021 from SR105.15 million during the same period of the previous year.

Meanwhile, the group’s net profit for the third quarter in 2021 has increased by 106 percent, after turning from SR109 net losses last year to a net profit of SR 6.2 million.

This comes as the group seeks to come out of the pandemic consequences that have been affecting it all year long.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Energy deals top list as Bahrain issues $1.6bn tenders in Q1 2021

Majority of tenders issued are part of Bahrain’s $32 billion infrastructure development plans Oil and gas $767m, aviation $382m, construction and engineering $194m, materials and equipment $119m     Bahrain…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

Dubai’s Shuaa plans SPACs worth $600 million

Shuaa Capital plans to set up three blank-check companies of around $200 million each.

[adinserter block="4"]