Saudi Etihad Telecom faces SAR22m losses


(MENAFN) Etihad Atheeb Telecom Co. recorded a net loss of USD5.97mn for August, against revenue of SAR8.2mn for July.

Moreover, net losses for the Jan- August period amounted to USD21.2mn, while accumulated losses for the period hit SAR1.17bn.

In addition, operating loss for the cited month totaled SAR22.91mn and reached SAR114mn in the cited period.

The firm reported accumulated losses of SAR57.16mn for the Jan-July period of this year.


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