Riyadh - Mubasher: The financial statements of Saudi Cable showed that the company has achieved losses of SAR 145.11 million in the fourth quarter of last year versus profits of SAR 11.6 million in the same period of the year before.
As for the annual results, the company reported losses of SAR 198.8 million in 2016 against profits of SAR 1.69 million in 2015, the company said in a statement to the Saudi Stock Exchange (Tadawul) on Sunday.
Revenues declined by 21.2%, as it amounted to SAR 354.57 million in Q4-16 compared to SAR 449.84 million in Q4-15, while annual revenues decreased to SAR 1.56 billion last year down from SAR 1.92 billion in 2015.
