Riyadh – Mubasher: Tihama Advertising and Public Relations reported a net profit of SAR 20,000 ($5,330) in March 2017, according to a bourse filing.

Accordingly, its accumulated net losses for the 12-month period ended 31 March 2017 reached SAR 47.53 million.

Meanwhile, overall accumulated losses reached SAR 89.6 million by the end of March, representing 59.7% of the company's capital of SAR 150 million.

Operating profits for March stood at SAR 710,000, the company added.

Last month, Tihama reported SAR 4.57 million ($1.22 million) in net losses for February 2017, raising total losses in 11 months to SAR 47.55 million, whereas overall accumulated losses amounted to SAR 89.6 million by the end of February, representing 59.8% of Tihama's capital.

Tihama's stock closed Thursday's session down 0.23% to SAR 22.