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Etihad GO Telecom Co. — Earnings Release 2013
May 26, 2013
53483_rns_2013-05-26_fa53a504-91f2-404a-8a36-a83a83e4ac96.html
Earnings Release
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ETIHAD ATHEEB TELECOMMUNICATION COMPANY (GO) ANNOUNCES THE FINANCIAL RESULTS FOR THE YEAR ENDING AT 31/03/2013.
7040 · 26/05/2013 16:39:43 · Announcement #31124 · View on Saudi Exchange
ETIHAD ATHEEB TELECOMMUNICATION COMPANY (GO) ANNOUNCES THE FINANCIAL RESULTS FOR THE YEAR ENDING AT 31/03/2013.
Etihad Atheeb Telecommunication Company (GO) announces the financial results for the year ending 31/03/2013.
1.The net loss for the year amounted to SAR (274.1) million, compared to SAR (46.5) million for the previous year, with an increase of 489.46%.
2.The Loss per share for the year amounted to SAR (1.74), compared to SAR (0.74) for the previous year.
The loss per share for the comparative period has been adjusted to reflect the effect of the capital increased retrospectively dated 21 Safer 1433H corresponding to 15 Jan 2012.
3.The gross profit for the year amounted to SAR 47.3 million, compared to SAR 36.2 million for the previous year with an increase of 30.66%.
4.The operating Loss for the year amounted to SAR (268.2) million, compared to SAR (302.4) million for the previous year with an (decrease) of (11.31%).
5.The reason for the increase in net losses during the current year compared to the previous year due to settlement with the vendor in the previous year that affected our net loss to an increase in net losses compared to the current year.
(Continuation)
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.