Bishah Agricultural Development said its accumulated losses hit SAR 64.53 million, 129.1 percent of paid-up capital, on November 30.
|
Accumulated losses |
|
|
November 2014 |
Period |
|
50 |
Capital (SAR mn) |
|
(64.53) |
Accumulated losses(SAR mn) |
|
129.1% |
Accumulated losses % of the capital |
November’s losses were SAR 75,000 making a total net loss of SAR 724,000 for the last eleven months.
|
Accumulated losses until November 2014 |
|
|
November 2014 |
Period |
|
( 724) |
Net losses (SAR thousand) |
|
5 |
Number of shares (thousand) |
|
(0.14) |
EPS(SAR) |
The company said that 2014’s losses were driven by SAR 275,000 representing deferred expenses amortization premium, renting refrigerators for the dates plans and recording external auditor’s fees for the period.
The company added that shareholders’ equity includes SAR 15.75m representing the book value of agriculture complex land which was a state gift.
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