Riyadh-Mubasher: Knowledge Economic City (KEC) recorded net earnings of SAR 2.3 million in the fourth quarter of 2015, against losses of SAR 57 million in the same period of 2014.
The company narrowed its 12-month net losses by 60% year-on-year from SAR 28.1 million to SAR 11.3 million.
KEC ascribed Q4 earnings and fall in FY15 losses to infrastructure costs written-off in the previous year.
