And as long as the Qatari company turns into a loss in the third quarter, under pressure from the absence of government compensation | latest news

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In the third quarter of this year, the Qatari Widam Food Company incurred losses of 900,000 Qatari riyals, compared to a net profit of 14.3 million riyals in the corresponding period of last year.

The company, which holds the largest share of the red meat market in Qatar at the end of the first nine months of 2020, recorded a loss of 24.5 million riyals, compared to profits of 64 million riyals in the corresponding period of last year.

The company attributed the reasons for its loss to the decline in revenues by 33% to 323 million riyals, in addition to the almost absence of government compensation, compared to compensation worth 362 million riyals in 2020, in addition to the increase in financing costs for leasing liabilities to 5.8 million riyals, compared to about 196 thousand riyals. In the nine-month interview last year.





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