Mohammad Al-Mojil Group (MMG) has announced its headline figures for 4Q2015. Net loss was at SAR56.7 million, showing improvement, versus SAR494.3 million in net loss in 4Q2014 and SAR63.7 million also in net loss in 3Q2015. Operating loss was at SAR51.1 million, showing narrowing loses from SAR500.3 million and SAR55.6 million, respectively. Gross loss came in SAR38.8 million, versus gross losses of SAR226.0 million in 4Q2014 and SAR30.9 million in 3Q2015. This brings 2015 net loss to SAR312.9 million (2014 net loss: SAR923.2 million), operating loss at SAR290 million (2014 operating loss: SAR857 million), and gross loss at SAR209.0 million (2014 gross loss: SAR442 million). Retained losses to paid-in capital stood at 2.9x as of end of December 2015. Management attributed the narrowing of the losses to the near-conclusion of the company’s low margin/loss making legacy projects, helped by improved control over the operating costs. (Tadawul)