Knowledge Economic City reported its financial headline figures for 1Q2016. Net loss was SAR7.6 million (1Q2015: SAR4.8 million in net loss, 4Q2015: SAR2.4 million in net income), while operating loss was SAR6.2 million (1Q2015: SAR6.1 million, 4Q2015: SAR5.9 million, both in loss). Gross loss was SAR0.4 million (1Q2015: SAR0.6 million in gross profit, 4Q2015: SAR1.1 million in gross loss). Management attributed the widening in net losses in 1Q2016 to increases losses from associated companies. (Tadawul)
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