Riyadh - Mubasher: Tihama Advertising and Public Relations reported net losses of SAR 4.57 million ($1.22 million) in February 2017, raising total losses in eleven months to a total of SAR 47.55 million.

Accumulated losses reached SAR 89.6 million by the end of February, representing 59.8% of the company’s capital which totals SAR 150 million, the company said in a statement to the Saudi Stock Exchange (Tadawul).

The company’s financial statements also showed that operational losses registered SAR 4.84 million in February, reaching a total of SAR 49.77 million by 28 February 2017.