KEC Q3 Losses Decline 32.7% to SAR 8.9 Million

Knowledge Economic City Co. (KEC) revealed on Tuesday a 32.7% decline in net losses during the third quarter to 8.9 million riyals, compared to 13.2 million riyals in the same quarter last year. This came after announcing today the preliminary financial results for the duration ending Sep. 30, 2024 (nine months).

The operating loss increased by 7.2% to 12.6 million riyals in the third quarter, compared to 11.7 million riyals in the same quarter last year.

The company’s net losses during the 9-month duration increased by 99.4% to 47.6 million riyals, compared to 23.8 million riyals in the same duration last year.

The loss per share in the current duration reached 0.14 riyals, compared to 0.07 riyals in the same duration last year.