Abdullah Abdul Mohsin Al-Khodari Sons Company reported consolidated earnings results for the nine months ended September 30, 2017. For the quarter, the company reported net loss of SAR 22,883,516 against SAR 53,222,612 a year ago. Operational loss was SAR 4,493,335 against SAR 35,659,780 a year ago. The reason for the decrease in net loss is due to: 1-Direct costs declined by 52% or SAR 117.2 million, mainly due to slow progress on ongoing construction projects;. Reduction in direct cost resulted in Gross profit of SAR 3.62 million in the third quarter 2017, as compared to Gross loss of SAR 35.2 million in the same quarter of 2016; General and Administration Expenses down by 33% or SAR 3.7 million driven by cost control and operational efficiencies; selling & marketing expenses reduced by 37% or SAR 0.64 million; Zakat expenses declined by 44% or SAR 0.2 million. The above were adversely counteracted by: decline in revenue by 41% to SAR 111.77 million during the third quarter 2017, compared to SAR 190.2 million in the same quarter of 2016, mainly due to slow progress on ongoing construction projects, decline in new project awards, significant liquidity challenges facing the contracting industry due to delay in payments, reprioritizing of projects by the government and extended slowdown in the construction sector; other income decreased by 95% or SAR 10.8 million mainly due to decrease in the partial refund receipts of the government compensation for the 2400 expat levy during the current quarter as compared to the same quarter last year and net finance costs increased by 6% or SAR 1.03 million. For the nine months, the company reported net loss of SAR 65,664,842 against SAR 107,258,817 a year ago. Operational loss was SAR 17,168,054 against SAR 46,380,488 a year ago. The reason for the decrease in the net loss is due to: direct costs declined by 48% or SAR 418.3 million mainly due to slow progress on the ongoing projects; gross loss decreased by 37% or SAR 16.5 million) mainly due to decline in direct cost; SG&A expenses declined by 29% or SAR 11.6 million; other income increased by 6% or SAR 2.25 million mainly due to the increase in the partial refund receipts of the government compensation for the 2400 expat levy during the current period as compared to the same period last year. 5-Decrease in net financial charges by 18% (SAR 10.6 million). 6-Decrease in zakat expenses by 59% or SAR 1.8 million. The above were adversely counteracted by: decrease in revenue by 48% or SAR 401.8 million. Revenue was SAR 433.18 million, as compared to SAR 834.97 million in the same period of 2016.