Announcement from Saudi Industrial Export Co. related to FINANCIAL RESULTS FOR THE FIRST QUARTER of 2017 till 31/03/2017 ( THREE MONTHS)

SIEC would like to clarify the reasons for the increase in net-loss for the current quarter compared with the same quarter last year is the decrease in the company's sales and an increase in the cost of restructuring and developing Sara Medical Factory.
As well as the reasons for increase in loss the for the current quarter compared to the previous quarter, the decline in other revenues led to a decline in net profits