Riyadh – Mubasher: Saudi Fisheries Co. (Al Asmak) reported a net loss of SAR2.9 million in March 2016.

The company’s total accumulated losses thus deepened by 63.7% of capital to reach SAR341 million by the end of March 2016.

The company is capitalized at SAR535.37 million, over 53.5 million issued shares at a par value of SAR10 each.

During February 2016, the company registered a net loss of SAR3.26 million, compared to SAR3.4 million in January.  

For the period ended in December 2015, its accumulated losses reached SAR334.8 million, or 62.55% of capital