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Al Asmak losses fall 25% in August

Al Asmak losses fall 25% in August
Accumulated losses have reached SAR 356.5 million- (Photo Archive)
SFICO
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-0.54% 92.60 -0.50

Riyadh - Mubasher: Saudi Fisheries Company's (Al Asmak) net losses fell 25% month-on-month to SAR 3.48 million ($928,000) in August from SAR 2.79 million ($743,000).

The company's activity losses rose 7% to SAR 2.83 million in August, compared to SAR 2.64 million in July.

Accumulated losses have reached SAR 356.5 million, representing 66.6% of the capital, which equals SAR 535.38 million, according to a bourse filing on Sunday.