Tihama cuts accumulated losses

20/04/2017 Argaam

Tihama Advertising & Public Relations Co. has reduced its accumulated losses to SAR 14.83 million, or 19.77 percent of capital, the company said in a bourse statement on Thursday.

 

The narrowed losses were attributed to offsetting SAR 75 million in accumulated losses and cutting capital by 50 percent to SAR 75 million.

 

Tihama added that the capital reduction will have no impact on its liabilities.

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