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Saudi cable discloses correction on Q1 financials

Saudi cable discloses correction on Q1 financials
The company achieved SAR 22.9 million in retained profits
SAUDI CABLE
2110
-3.99% 142.10 -5.90

Riyadh – Mubasher: Saudi Cable Company announced a correction regarding its financial results of the first quarter of 2019.

The company achieved SAR 22.9 million in profits in Q1-19 retained for the second quarter of this year, according to the company’s recent filing to the Saudi Stock Exchange (Tadawul).

Earlier in May, the Saudi-based company had posted a 54.3% year-on-year loss increase in Q1-19, recording SAR 32.4 million.