Riyadh – Mubasher: Etihad Atheeb Telecommunication Company (GO) has reported 29.512% year-on-year loss hike during the first nine months of the fiscal year 2019/2020, according to a bourse statement released on Wednesday.

The company’s net loss after zakat and tax went up to SAR 62.49 million in the nine-month period ended 31 December 2019, compared to SAR 48.25 million in the year-ago period.

Revenue shrank 17.697% to SAR 261.22 million in the April-December period, from SAR 317.39 million the year before.

Moreover, total shareholders’ equity, after deducting minority equity, dropped 28.12% YoY to SAR 159.75 million.