Riyadh – Mubasher: The Saudi Industrial Development Company (SIDC) on Monday reported an 87.38% year-on-year decrease in its losses during the second quarter of 2018.

SIDC’s losses amounted to SAR 1.3 million during the period between April and June, compared to SAR 10.3 million in Q2-17, according to a bourse statement.

The firm attributed the second-quarter loss decline to a drop in operating losses. 

During the first six month of 2018, SIDC posted a loss of SAR 1.1 million, compared to SAR 9.5 million during H1-17.

By 11:17 Saudi time, SIDC’s stock fell 0.78%, reaching SAR 8.88.