Etihad Atheeb sustains SAR 32.7 mln loss until Jan. 23; accumulated losses at 12%

27/01/2022 Argaam Special

Logo of Etihad Atheeb Telecommunication Co. (GO)


Etihad Atheeb Telecommunication Co. (GO) incurred SAR 32.7 million losses in the first 10 months ended Jan. 23, 2022.

 

The telecom operator’s accumulated losses accounted for 12% of capital, according to the legal accountant’s report.

 

Summary of Financial Results (SAR mln)

Item

April 1, 2021- Jan. 23, 2022

Revenue

SAR 283.3 mln

Total Income

SAR 133.0 mln

Other Revenue

SAR 32.1 mln

Net Income

(SAR 32.7 mln)

Average Number of Shares (mln shares)*

8.9

EPS (SAR)

(3.67)

*share capital after reduction 

 

Key Highlights of Balance Sheet (SAR mln)

Item

Jan. 23, 2022

Cash and Cash Equivalents

84.5

Assets

949.9

Capital

89.9

Accumulated Losses

10.9

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