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Tihama losses reach 57% of capital

Tihama losses reach 57% of capital
The company posted net losses of SAR 2.4 million in January - (Photo Credit: Arabianeye-Reuters)
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Riyadh - Mubasher: Tihama Advertising and Public Relations reported a net loss of SAR 2.4 million ($640,000) in January, raising total losses in the ten-month period that ended 31 January 2017 to SAR 42.99 million.

According to the company’s statement to the Saudi Stock Exchange (Tadawul) on Sunday, accumulated losses reached SAR 85.05 million, which represents 56.7% of the company’s capital of SAR 150 million.

Operational losses totalled SAR 2.9 million in January, and totalled 44.9 million in the ten months.