Riyadh-Mubasher: Saudi Industrial Development Co. (SIDC) narrowed Q4-15 net losses by 70% to SAR 9.6 million, compared with SAR 31.8 million in the same period a year ago.

The company posted net losses of SAR 3.9 million for 2015, versus net earnings of SAR 6.9 million in 2014.

SIDC managed to shrink Q4 losses due to fall in other expenses, according to a bourse statement posted on Monday.

The company attributed the full-year losses to rise in other expenses.