Riyadh – Mubasher: Etihad Atheeb Communication "Go" reported on Thursday a net loss of SAR 22.39 million ($5.97 million) for August, against a net profit of SAR 8.2 million for July.
Net losses for the first eight months of 2016 amounted to SAR 79.55 million ($21.2 million), while accumulated losses for the period reached SAR 1.17 billion, representing 74.59% of the share capital, according to a bourse filing.
Operating loss for August totalled SAR 22.91 million and reached SAR 114 million in the eight-month period.
Total assets as of 31 August totalled SAR 1.65 billion, total liabilities valued at SAR 1,254.73 million.
The company earlier reported accumulated losses of SAR 57.16 million for the first seven months of 2016.
