Riyadh – Mubasher: Tihama Advertising and Public Relations Company’s turned to losses during the third quarter of the fiscal year 2019/2020.

The company suffered SAR 3.5 million in losses in the three-month period ended 31 December 2019, according to a bourse statement released on Tuesday.

As for the first nine months of FY19/20, Tihama incurred SAR 10.8 million in losses, against a net profit of SAR 8.7 million recorded a year earlier.

It is worth noting that Tihama moved to losses during the second quarter of 2019, registering a loss of SAR 8.7 million.