Etihad Atheeb Telecommunication (GO) Announces Its Financial Results as Of 31 March 2017
Etihad Atheeb Telecommunication (GO) Announces Its Financial Results as Of 31 March 2017, as follows:
1- Net loss for the month of March 2017 amounted to SR (17.77) million.
2- Gross Profit for the month of March 2017 was SR 10.10 million.
3- Operating loss for the month of March 2017 was SR (22.24) million.
4- Net loss for the period up to 31 March 2017 was SR (138.62) million.
5- Net Loss per share for the period up to 31 March 2017 was SR (0.88) per share.
6- Gross Profit for the period up to 31 March 2017 was SR 82.40 million.
7- Operating loss for the period up to 31 March 2017 was SR (246.71) million.
8- Accumulated losses as of 31 March 2017 totaled SR (1,233.92) million.
9- Total Assets as of 31 March 2017 totaled SR 1,507.16 million.
10- Total Liabilities as of 31 March 2017 totaled SR 1,166.08 million.
11- Net Equity as of 31 March 2017 totaled SR 341.08 million.
12- Accumulated losses as of 31 March 2017 represent 78.34% of share capital.
13- On 10th April 2017 the Seventh Extraordinary General Assembly approved to reduce the companys capital, as a result, the accumulated losses to capital became 46.37%.
14- Applying to procedures and instructions for the loss-making companies issued by the CMA Board of Commissioners under Resolution No. 4-48-2013 and the date of 15/01/1435 H. The company confirms its ongoing commitment to those procedures and instructions. Attachment to you herewith the financial statements for the administrative period until March 2017 m.
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