Al Mojil reports SAR 9m losses in February

Riyadh – Mubasher: Mohammed Al Mojil Group reported a net loss of SAR 8.8 million ($2.35 million) in February 2017, as net losses reached SAR 17.99 million in the first two months of 2017.

Accumulated losses since the company's establishment until 28 February 2017 reached SAR 3.75 billion, representing 300% of the company’s SAR 1.25 billion capital, according to a bourse filing on Tuesday.

Operating losses in February 2017 reached SAR 5.5 million, while loss per share reached SAR 0.14 per share, the company noted.

Mubasher Contribution Time: 14-Mar-2017 15:16 (GMT)
Mubasher Last Update Time: 08-May-2017 09:12 (GMT)