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Tihama accumulated losses down to 25% of capital

Tihama accumulated losses down to 25% of capital
By the end of the first half of 2017 accumulated losses totalled SAR 18.5 million
TAPRCO
4070
-7.54% 16.18 -1.32

Riyadh - Mubasher: Tihama Advertising and Public Relations said that its accumulated losses reached SAR 18.5 million by the end of June 2017, representing 24.6% of the company’s capital.

The company said in a statement to the Saudi Stock Exchange (Tadawul) on Sunday that net profits amounted to SAR 1.6 million in the second quarter of the year, versus losses of SAR 11.1 million for the same period last year.

Tihama led today’s gainers in Sunday’s session, surging 9.95% to SAR 44.55.