Slightly worse than expected
The revenues decreased by 34% to SAR1.03bn in 2016 vs SAR1.5bn in 2015 due to a decline in revenue from Industrial Infrastructure, Building, and Environmental & Road sectors registered in the past quarters.On the other hand, the Direct Costs absorbed more than 100% of the revenues which resulted in a negative Gross Profit of SAR-53m .
Even though the company’s costs decreased during 2016, this didn’t save the company from recording a bottom-line loss of SAR119m (vs.
Abdullah Abdul Mohsin Al-Khodari Sons is a multifaceted contracting company engaged in civil engineering, roads and bridges, railways, buildings and infrastructure, water & waste water treatment, oil & gas and pipelines in support of petrochemical production, city cleaning, environmental control, land transportation and operation & maintenance activities.
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