Etihad GO Telecom Co. — Earnings Release 2022

Jun 1, 2022

Etihad Atheeb Telecommunication Co. (GO) announces its Annual Financial Results for the Period Ending on 31-03-2022

7040 · 01/06/2022 08:16:35 · Announcement #68588 · View on Saudi Exchange

Etihad Atheeb Telecommunication Co. (GO) announces its Annual Financial Results for the Period Ending on 31-03-2022

Element List	Current Year	Previous Year	%Change
Sales/Revenue	378.55	282.1	34.19
Gross Profit (Loss)	91.84	55.37	65.865
Operational Profit (Loss)	-15.49	-32.55	-52.411
Net Profit (Loss) after Zakat and Tax	-37.4	-38.26	-2.247
Total Comprehensive Income	-37.74	-39	-3.23
Total Share Holders Equity (after Deducting Minority Equity)	74	111.74	-33.774
Profit (Loss) per Share	-1.84	-1.89
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reason behind decrease of net loss is increase in sales

, decrease in allowance for impairment in trade receivables, decrease in allowance for impairment in fixed assets, decrease in Zakat expense despite of the increase in cost of services, selling and marketing expenses, general & administrative expenses, financial cost expenses, and decrease in other income. Statement of the type of external auditor's report Qualified opinion Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion Attached Reclassification of Comparison Items The financial statements of the current year have been prepared in accordance with the International Financial Reporting Standards adopted in Kingdom of Saudi Arabia and Other accredited by the Saudi Organization for Chartered and Professional Accountants (SOCPA). The financial statements for the comparative year have been represented, reclassified and categorized in accordance with the accounting policies applied in the presentation, classification and classification of the financial statements for the current year. Additional Information Shareholders’ Equity

The accumulated losses of SAR 16 million as of 31 March 2022 represents 17.78% of the Company’s share capital. Attached Documents  

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.