Riyadh – Mubasher: Etihad Atheeb Telecommunication Company (GO) announced that accumulated losses amounted SAR 180.98 million.

The accumulated losses have now reached around 51.6% of the company’s capital, according to a statement to the Saudi Stock Exchange (Tadawul) on Sunday.

Go’s disclosure comes according to market rules as accumulated losses exceeded 50% of capital.

The telecom firm attributed the increase in accumulated losses to lower revenues, higher consumption expenses and other costs.

 

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.