Development Works Food slashes accumulated losses to 19.13% of capital

06/08/2025 Argaam
Logo ofDevelopment Works Food Co.

Logo of Development Works Food Co.

Development Works Food Co. reduced its accumulated losses to SAR 5.74 million as of June 30, 2025, representing 19.13% of capital.

 

For more news on listed companies

 

In a statement to Tadawul today, Aug. 6, the company attributed the decrease in accumulated losses to recognizing SAR 2.51 million in comprehensive income during H1 2025.

 

The company also affirmed its commitment to taking the necessary measures to address these losses and improve its financial performance.

 

It said the management is currently working to improve operational efficiency and explore new opportunities to increase revenue.

 

According to Argaam data, the company’s accumulated losses amounted to about SAR 6.83 million, or 23% of capital, by the end of March 2025.

 

For H1 2025, Development Works Food posted a net profit of SAR 2.5 million, up from SAR 2.1 million in H1 2024.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.