Riyadh – Mubasher: Etihad Atheeb Telecommunication (Go) has reported a decline in annual losses by 6.39% year-on-year, for the period ending 31 March 2017, according to a bourse filing.

The company said in a statement to the Saudi Stock Exchange (Tadawul) on Wednesday that losses totalled SAR 138.62 million, compared to SAR 148.09 million for the same period last year.

The company attributed the decrease in the net loss for the current period compared to the corresponding period of the year before to the increase in the operating revenue.

The company also revealed that the total revenues for the period grew 23%, and reached SAR 421.7 million, compared to SAR 343.0 million in the same period last year.