Go’s losses widen in April to 71% of capital

 

Riyadh – Mubasher: Etihad Atheeb Communication “Go” on Thursday reported a net loss of SAR 23.92 million in April 2016, raising its accumulated losses to SAR 1.12 billion, representing 71% of capital by the end of April.

Operating losses amounted to SAR 26 million in April, while losses per share reached SAR 0.15, the company said in a filing to the Saudi Stock Exchange (Tadawul).

Go previously posted a net loss of SAR 19.34 million in March, while accumulated losses by the end of March stood at SAR 1.094 billion, representing 69.46% of capital.

Mubasher Contribution Time: 12-May-2016 14:32 (GMT)
Mubasher Last Update Time: 12-May-2016 14:32 (GMT)