July 13, 2017 / 12:44 PM / a month ago

BRIEF-Ash Sharqiyah Development to suspend dairy business

July 13 (Reuters) - Ash Sharqiyah Development Co

* Announces suspension of dairy business and liquidation of cow herd

* Board decides to sell entire cow herd after studying current situation of business and reviewing its inability to reach profitability

* Says dairy business has been incurring consecutive losses over past five years amounting to 31.5 million riyals Source text for Eikon: Further company coverage:

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