Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced that Etihad Atheeb Telecommunication Company’s (GO) stock will resume trading starting as of Sunday, 14 February 2021.
This comes after the company had disclosed its financial results for the three-month period ended on 31 December 2020.
Go returned to profitability in the third quarter (Q3) of the fiscal year 2020/2021, gaining SAR 126.85 million in earnings, against losses of SAR 9.8 million in the year-ago quarter.
Moreover, GO recently announced that its accumulated losses have fallen to 0% of the capital.
This comes as the company had generated other income from signing a settlement contract with one of its main suppliers as well as financing profits from deducting long-term trade payables.
Source: Mubasher
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