Riyadh-Mubasher: Saudi Printing and Packaging Co. incurred net losses of SAR 30 million in Q4-15, against earnings of SAR 4.8 million in the same period of 2014.
Net earnings for the 12-month period also dropped 54% year-on-year from SAR 45.4 million to SAR 21 million.
The losses and profit decline were mainly attributable to a decrease in sales due to fire incidents in two subsidiaries at the end of 2014 at the beginning of 2015, as well as political interruptions in some markets where the company operates.
