Etihad GO Telecom Co. — Earnings Release 2017

Apr 13, 2017

Etihad Atheeb Telecommunication (GO) Announces Its Financial Results as Of 31 March 2017

7040 · 13/04/2017 15:10:38 · Announcement #46403 · View on Saudi Exchange

Etihad Atheeb Telecommunication (GO) Announces Its Financial Results as Of 31 March 2017

Etihad Atheeb Telecommunication (GO) Announces Its Financial Results as Of 31 March 2017, as follows:

1- Net loss for the month of March 2017 amounted to SR (17.77) million.

2- Gross Profit for the month of March 2017 was SR 10.10 million.

3- Operating loss for the month of March 2017 was SR (22.24) million.

4- Net loss for the period up to 31 March 2017 was SR (138.62) million.

5- Net Loss per share for the period up to 31 March 2017 was SR (0.88) per share.

6- Gross Profit for the period up to 31 March 2017 was SR 82.40 million.

7- Operating loss for the period up to 31 March 2017 was SR (246.71) million.

8- Accumulated losses as of 31 March 2017 totaled SR (1,233.92) million.

9- Total Assets as of 31 March 2017 totaled SR 1,507.16 million.

10- Total Liabilities as of 31 March 2017 totaled SR 1,166.08 million.

11- Net Equity as of 31 March 2017 totaled SR 341.08 million.

12- Accumulated losses as of 31 March 2017 represent 78.34% of share capital.

13- On 10th April 2017 the Seventh Extraordinary General Assembly approved to reduce the companys capital, as a result, the accumulated losses to capital became 46.37%.

14- Applying to procedures and instructions for the loss-making companies issued by the CMA Board of Commissioners under Resolution No. 4-48-2013 and the date of 15/01/1435 H. The company confirms its ongoing commitment to those procedures and instructions. Attachment to you herewith the financial statements for the administrative period until March 2017 m.

Attached Documents

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