Riyadh-Mubasher: Etihad Atheeb (GO) reported losses of SAR 33.73 million in the fourth quarter ended 31 March, falling 51.34% year-on-year from SAR 69.45 million and 29.24% quarter-on-quarter from SAR 47.67 million.

Full-year losses also declined 77.44% to SAR 56.24 million, compared with SAR 249.27 million a year earlier.

The decline in fourth-quarter losses was due to strong operating revenues, GO said.

The telecom ascribed the full-year loss decrease to high revenues as well as low operating and marketing expenses.