Saudi Cable Co. says Q4 results to be delayed

19/01/2017 Argaam

Saudi Cable Co.’s financial results for the fiscal period ending Dec. 31, 2016 will be delayed until completion of external audit, it said in a statement to Tadawul on Thursday.

External auditors are still working on an independent assessment for cash flow forecasts before they can issue an official statement.

The company said it expects this process to take six weeks, and that it will announce Q4 reviewed financial statements soon after getting the greenlight from the external auditor.


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