"Printing and packaging" losses reduced 35% in the first quarter

The Saudi Printing and Packaging Company reduced its losses by 35.02% during the first quarter of this year.

According to ArabiaNet, the net losses of the company reached 14.91 million riyals during the first quarter of this year, compared to 23.02 million riyals in profits during the same period last year.

The company explained that the decrease in its losses is due to a decrease in the prices of raw materials in the printing and packaging sectors, in addition to the decrease in financing costs.