Riyadh – Mubasher: Riyadh - Mubasher: Mohammad Al Mojil Group posted net losses of SAR 9.9 million ($2.64 million) in October 2016, bringing the total to SAR 82.6 million ($22 million) in the first ten months.
Accumulated losses reached SAR 3.66 billion by the end of October 2016, representing 292.7% of the company’s AED 1.25 billion capital, according to a bourse filing.
Operating losses stood at SAR 6.8 million in October 2016, while activity losses rose to SAR 58.2 million during the same month.
The company’s net losses reached SAR 6 million in September 2016, while losses amounted to SAR 41.7 million in the first nine months of the same year.
