Riyadh – Mubasher: Saudi Cable Co. logged SAR 7.06 million net loss for the first half of the fiscal year 2015, a decline by 92.3% from SAR 91.69 million reported in the same period a year ago.

Meanwhile, Q2 financial results showed SAR 880,000 net profit, against SAR 50.57 million net loss in Q2-14.

The company ascribed narrowing H1 losses to higher sales and profit margins, coupled with lower operating expenses. Meanwhile, Q2 profits was boosted by higher profit margings and lower expenses.