Saudi Fisheries Company said on Tuesday that its accumulated losses rose to SAR 297.6 million, or 55.6 percent of its capital, after it reported a net loss of SAR 2.6 million in May.
By the end of April, the company said it had accumulated SAR 295 million in losses, representing 55.1 percent of its capital.
The Saudi market regulator’s new regulations require listed companies with accumulated losses equal to 50 percent or more of their capital to publish monthly, unaudited financial statements.
|
Accumulated Losses |
|
|
May 2015 |
Period |
|
535.4 |
Capital (SAR mln) |
|
(297.6) |
Accumulated losses (SAR mln) |
|
55.6% |
Accumulated losses % |
|
Losses (January - May) |
|
|
May 2015 |
Period |
|
(17.45) |
Net loss (SAR mln) |
|
53.5 |
Number of shares (mln) |
|
(0.33) |
EPS (SAR) |
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