Riyadh - Mubasher: Saudi Fisheries Company (Al Asmak) recorded in July a net loss of SAR 2.79 million ($743,000), compared to SAR 3.6 million ($896,000), with a 23% month-on-month decline.
Accumulated losses have reached SAR 353 million, representing 65.94% of the company’s capital, which equals SAR 535.38 million, according to a bourse filing on Wednesday.
Al Asmak Co. previously posted a 6% year-on-year decline in losses in the second quarter of 2016, with total losses of SAR 9.23 million, against SAR 9.8 million in Q2-15.
