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Knowledge Economic City sees Q2 net loss decrease 92%

Saudi Arabia's Knowledge Economic City Co (KEC) has posted a Q2 net loss of 91.6%, amounting to SR0.776m, compared with SR9.2, year-on-year, Arab News has reported. Gross profit for the quarter reached SR3.3m, while no gross profit was realised during the corresponding quarter of the previous year. Net loss for the first half of the year was SR9.1m, compared with a net profit of SR10.9m for the corresponding period of the previous year, the firm said.