SAUDI CABLE
2110
28.26%
73.30
16.15
2110
Riyadh – Mubasher: Saudi Cable Co. (SCC) posted SAR 8 million in net loss for the first quarter of 2015, a drop by 81% from SAR 41 million net loss logged in the corresponding period a year ago.
The cable producer earlier posted SAR 60 million net loss for Q4-14.
The improved results year-on-year and quarter-on-quarter were attributed to higher sales and profit margins, in addition to lower operating expenses.
Source:
Mubasher