| Introduction |
Reference to the announcement of Wafrah for industry and Development Co dated 14-08-2022 on its interim Financial Results for the period ending on 30-06-2022 (six months), Wafrah for Industry and Development Co. announces a decrease in its accumulated losses, as it was reduced from 30.77 % on 31-12-2021 to 16,29 % on 30-06-2022, as related to the paid up capital of the company which is 77,170,350 SAR. |
| Date of accumulated losses decrease |
2022-06-30 Corresponding to 1443-12-01 |
| Amount of the Accumulated Losses |
12569441 SAR |
| Measures Taken by the Company to Decrease Accumulated Losses |
The company achieved operating profit during the first half of the year 2022 amounting to 11,175,960 SAR due to higher average selling prices and due to reduction in unit cost of products that resulted from higher production rates |
| Auditor’s Report showing the Financial Position of the Company after the Decrease of the Accumulated Losses |
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| Attached Documents |
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