Knowledge Economic City has announced its financial headline figures for 3Q16. The company reported net losses of SAR7.2mn, compared to SAR5.7mn in 3Q15, also in net losses, and SAR0.2mn in net income in 2Q16. Operating losses were SAR9.4mn in 3Q16 (3Q15: SAR7.2mn, 2Q16: SAR0.5mn, all in the red). Gross profit was SAR1.5mn (-72.8% Y-o-Y, -82.4% Q-o-Q). 9M16 net loss was SAR14.6mn (9M15: SAR12.7mn, also in losses); operating loss was SAR16.2mn (9M15: SAR15.4mn, also in losses) and gross profit of SAR10.0mn (-9.5% Y-o-Y). Management attributed the weak performance to lower revenue Y-o-Y and Q-o-Q, without giving further details. (Tadawul)