Saudi Cable turns profitable in March

Riyadh - Mubasher: The financial statements of Saudi Cable Company showed that it has achieved net profits of SAR 11.5 million in March versus losses of SAR 11.4 million in February.

The company’s accumulated losses reached SAR 515.5 million by the end of last month, representing 67.38% of the capital, the company said in a statement to the Saudi Stock Exchange (Tadawul) on Sunday.

Operational income amounted to SAR 7.2 million in March 2017 against an operational loss of SAR 8.4 million in February.

Mubasher Contribution Time: 09-Apr-2017 17:59 (GMT)
Mubasher Last Update Time: 10-Apr-2017 07:52 (GMT)