Saudi Cable trims FY18 losses by 15%

24/03/2019 Argaam Exclusive

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Saudi Cable Co. narrowed net losses after zakat and tax by 14.55 percent year-on-year (YoY) to SAR 68.62 million for the fiscal year 2018, driven by waiving off SAR 228 million worth of loans in FY18, compared to SAR 77 million a year earlier.

The company also cited lower operating expenses and financing costs.

Business Segments (Million)

Compared With The

Period	Sale of Goods	Contract Revenue
Q3 2012	595.12	20.32
Q4 2012	204.37	89.69
Q1 2013	576.06	93.28
Q2 2013	522.87	75.55
Q3 2013	487.52	130.39
Q4 2013	487.40	105.39
Q1 2014	393.31	65.25
Q2 2014	414.10	20.45
Q3 2014	348.65	46.01
Q4 2014	407.12	21.44
Q1 2015	472.24	26.11
Q2 2015	461.29	14.41
Q3 2015	480.09	11.54
Q4 2015	422.83	38.96
Q1 2016	379.92	6.75
Q2 2016	444.91	29.93
Q3 2016	330.89	17.60
Q4 2016	324.95	67.48
Q1 2017	325.31	14.88
Q2 2017	332.95	18.46
Q3 2017	291.99	22.59
Q4 2017	293.43	42.86
Q1 2018	261.76	13.30
Q2 2018	232.45	19.58
Q3 2018	166.50	12.47
Q4 2018	140.51	18.44

Period	Sale of Goods	Contract Revenue
2012	2,458.18	-
2013	2,073.85	404.60
2014	1,563.18	153.14
2015	1,827.03	91.03
2016	1,480.65	83.90
2017	1,243.68	98.80
2018	801.22	63.80

Share Price

Saudi Cable Co. (SAUDI CABLE)

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