Struggling to find a way to get out of the crisis
Al Khodari released its Q2 2017 figures showing a 50 % decrease, yoy, in its revenues to SAR127m due to the liquidity challenges, arising especially from government payment delays.Losses declined by 55.5% to SAR25m compared to Q2 2016. The drop in losses is linked to a decline in direct costs by 50% (SAR147m), as well as a drop in general and administrative expenses by 26%.
On the other hand, other revenues increased by 7.5% due mainly to an increase in the sales of equipment in the annual auction.
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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