Zahrat Al Waha announces 19% drop in Q2 2020 sales, completion of scheduled maintenance

09/07/2020 Argaam

 

Zahrat Al Waha for Trading Co. said its sales declined 19% during the second quarter (Q2) of 2020 due to low demand that was impacted by coronavirus (COVID-19).

 

The company said in a bourse filing on Thursday that only 30% of production lines were affected in May 2020 due to the scheduled periodic maintenance.

 

Zahrat Al Waha started maintenance activities in May instead of December 2020 to benefit from low demand and keep the operational efficiency of production lines.

 

The company has completed all maintenance activities by the end of May 2020.

 

The Saudi-based company affirmed that all lines are now operating at full capacity as per its plan to meet all domestic and external demands.

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