Abdullah Abdul Mohsin Al-Khodari Sons Company reported consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported net loss of SAR 25,022,895 against SAR 56,230,322 a year ago. Operational loss was SAR 14,268,702 against SAR 36,225,591 a year ago. The reason for the decrease in net loss is due to: 1-Direct costs has declined by 50% (SAR 145.2 million) mainly due to slow progress on the ongoing projects. Revenue has declined by 50% to SAR 127 million during the second quarter 2017, compared to SAR 254 million in the same quarter of 2016, mainly due to slow progress on the ongoing 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. Return on equity was negative 15.3%. For the six months, the company reported net loss of SAR 42,781,326 against SAR 54,036,205 a year ago. Loss per share was SAR 0.77 against SAR 0.97 a year ago. Operational loss was SAR 12,674,719 against SAR 10,720,708 a year ago. The reason for the decrease in net loss is due to: 1-Direct costs has declined by 46% (SAR 301 million) mainly due to slow progress on the ongoing projects.