(MENAFN) The Saudi Industrialization co. (Tasnee), said its net loss is attributed to high costs and low product sales prices, Arab News reported.
Tasnee suffered a net loss of USD28.7 million in the second quarter, Compared to a profit of USD108.8 million in the same quarter in 2014.
"Its estimated that Tasnee would make a quarterly profit of USD25.7 million." Analysts reported.
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