Etihad GO Telecom Co. — Earnings Release 2011

Jan 21, 2012

Etihad Atheeb Telecommunication Company (GO) Announces the preliminary financial results for the period ended December 31, 2011 (Nine Months)

7040 · 21/01/2012 19:07:25 · Announcement #23837 · View on Saudi Exchange

Etihad Atheeb Telecommunication Company (GO) Announces the preliminary financial results for the period ended December 31, 2011 (Nine Months)

Etihad Atheeb Telecommunication Company (GO) announces the preliminary financial results for the period ended 31/12/2011.

1. Net profit during the 3rd quarter SAR 205.9 million, compared with loss SAR (143.6) million for the same quarter the previous year, and for loss SAR (85.4) million for the previous quarter.

2. Gross profit during the 3rd quarter SAR 12.6 million, compared with loss SAR (30.8) million for the same quarter of last year.

3. Operating loss during the 3rd quarter SAR (74.0) million, compared with SAR (134.3) million loss for the same quarter of last year, decrease of (44.90%).

4. Net profit during the nine months SAR 21.8 million , compared with loss SAR (453.0) million for the same Period previous year.

5. Earnings per share in the nine months amount to SAR 0.54, as compared to loss SAR (11.33) for the same period the previous year.

The earnings per share for the comparative period have been adjusted to reflect the effect of capital reduction retrospectively dated 6 Ramdan 1432H corresponding to 6 August 2011.

6. Gross profit during the nine months SAR 16.5 million, compared with SAR (107.0) million loss for the same period previous year.

7. loss from operations for the nine months SAR (241.4) million, compared with SAR (428.2) million loss for the same period previous year, decrease of (43.62%).

Certain of the prior period amounts have been reclassified to conform with the presentation in the current period.

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