Riyadh-Mubasher: Arabian Pipes reduced its first-quarter losses by 7.18% to SAR 6.3 million, compared with SAR 6.8 million a year earlier, due to strong production and sales that led to a decline in fixed costs and an increase in gross profits.

The company also lowered Q1 losses by 68.77% from SAR 20.27 million in the previous quarter, due to an increase in sales and delivered contracts from factories in Riyadh and Jubail.