Riyadh – Mubasher: Tabuk Agriculture Development Company (TADCO) on Thursday said that its net losses decreased by 28.26% during the full-year 2017, compared to the prior year.

TADCO’s net losses amounted to SAR 30.29 million last year, versus SAR 42.2 million in 2016, according to a statement to the Saudi Stock Exchange (Tadawul).

The Saudi Arabia-based firm attributed the decline in losses to an increase in sales’ volume, as well as a drop in general and administrative expenses.

The stock remained unchanged, closing Wednesday at SAR 12.27.