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Riyadh-Mubasher: Knowledge Economic City (Knowledge EC) sustained net losses of SAR 3.1 million during the second quarter of 2015, against earnings of SAR 15.5 million in the year-earlier period.
The company also posted net losses of SAR 7.9 million for H1-15, versus SAR 13 million earnings in H1-14.
The company attributed the losses to low profit margin and decline in land sale earnings.
Source:
Mubasher
