Riyadh-Mubasher: Saudi Research and Marketing Co. posted net losses of SAR 187 million for the fourth quarter of 2015, rising 821% compared with SAR 20.3 million in the corresponding period a year ago.
The company also widened its full-year losses by 298% to SAR 156.4 million, compared with SAR 39.3 million a year earlier.
The losses were attributable to fall in gross profits as well as the operating losses recorded from a 13% decline in revenues from the printing, packaging, education and advertisement sectors.
