Riyadh – Mubasher: Etihad Atheeb Telecommunication Company (Go) posted a 71% year-on-year drop in its losses for the first quarter of 2019.
Net losses stood at SAR 36.65 million in Q1-19, compared to SAR 125.32 million in Q1-18, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Thursday.
The Saudi-based company attributed the decrease in first-quarter losses to the increase in revenues and the drop in operating expenses.
In April, Go announced that its accumulated losses decreased to SAR 117.97 million, representing 33.65% of its capital, as of 24 April, to SAR 350.53 million.
