Tihama’s accumulated losses reach 24.6% of capital

11/11/2019 Argaam

Tihama Advertising and Public Relations Co. said its accumulated losses as of Sept. 30, 2019 reached SAR 18.4 million, representing 24.6% of capital amounting to SAR 75 million, the company said in a bourse statement.

 

These losses were driven by recording a loss share from associates, lower revenue from advertising and the seasonality nature of the distribution revenues.

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