Riyadh – Mubasher: Etihad Atheeb Telecommunication Company (GO) suffered net losses after Zakat and tax of SAR 38.26 million during fiscal year (FY) ended in March 2021, decreasing by 46.5% from SAR 71.61 million in the prior FY.

Revenues declined by 16.9% on an annual basis to SAR 282.1 million in FY20/21 from SAR 339.6 million in FY19/20, according to a bourse disclosure on Tuesday.

Loss per share stood at SAR 1.67 in FY20/21, compared to SAR 3.13 in FY ended in March 2020.

Last February, before the end of FY20/21, GO announced that its accumulated losses reached 0% of the capital.