Riyadh – Mubasher: Saudi Printing and Packaging on Tuesday said that its net losses increased by 107.56% during the full year 2017, compared to the previous year.

Saudi Printing’s net losses widened to SAR 69.45 million last year, up from SAR 33.46 million in 2016, according to a statement to the Saudi Stock Exchange (Tadawul).

The Tadawul-listed firm attributed the rise in its losses to a drop in sales, as well as a decrease in profit margins of some products.

Saudi Printing’s stock inched up 0.05%, closing Monday at SAR 19.45.