RIYADH: Saudi Arabia's Etihad Atheeb Telecommunication Co. turned into lossess in the nine months ending Dec. 31, 2021.
The company made a net loss of SR29.2 million compared to a net profit of 102.6 million ($27.4 million), according to bourse filing.
It said the results were driven by the increase in costs of services, general and administrative expenses, financial charges, selling and marketing expenses, and allowance for impairment in trade receivables.
Copyright: Arab News © 2022 All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
