Riyadh-Mubasher: Saudi Fisheries Co. (Al Asmak) reported losses of SAR 5.5 million for the period ended 31 December 2015, compared with SAR 4.5 million in losses for November up 20% m-o-m.
The firm's accumulated losses reached SAR 1.1 million by the end of December 2015, representing nearly 61.91% of the company's paid-in capital.
Total assets amounted to SAR 352.7 million, while shareholders’ equity reached SAR 203.9 million.
According to market regulations, the companies whose accumulated losses exceed 50% of capital are required to release their financials on a monthly basis.
