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Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

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.

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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