Jabel Omar Development Company , a local stock company, has announced that its loss during the second quarter of the fiscal year ending on 29/06/1431AH amounting to SR 7.6 million. In the same period in the previous year its loss amounted to SR 18.3 million. A press statement released said the net loss of the company within the last six months fell to SR 16.5 million from SR 22.3 million in the same period in the previous year.