Riyadh-Mubasher: Saudi Fisheries Co. (Al Asmak) said its accumulated losses reached SAR 325.9 million until the end of November 2015, representing 60.89% of paid-in capital.
The company posted net losses of SAR 4.5 million for October, a rise of 27% compared with SAR 3.5 million in October.
Net losses for the 10-month period ended 31 October reached SAR 45.7 million, and the loss per share hit SAR 0.86.
Total assets amounted to SAR 351.3 million, while shareholders’ equity reached SAR 209.3 million.
According to market regulations, the companies whose accumulated losses exceed 50% of capital are required to release their financials on a monthly basis.
