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MarketScreener Homepage  >  Equities  >  SAUDI ARABIA STOCK EXCHANGE  >  Saudi Cable Co JSC    2110   SA0007879238

SAUDI CABLE CO JSC (2110)
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Saudi Cable JSC : trims losses to SAR 16m in 3M

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11/09/2018 | 07:49am CET

Saudi Cable trims losses to SAR 16m in 3M

SCC2110

-5.71% 36.35 -2.20

Riyadh – Mubasher: The Saudi Cable Companyon Thursday reported shrinking losses by 54.45% year-on-year during the third quarter of 2018, whereas losses soared 612% in the first nine months.

Net losses dropped to SAR 15.71 million ($4.19 million) in Q3-18, from SAR 34.49 million ($9.20 million) during Q3-17, according to a statement to the Saudi Stock Exchange (Tadawul).

Saudi Cable attributed the large decrease in losses to achieving an SAR 47.6 million profit from selling a unit, whereas operating expenses and financing costs levelled down during the period.

Quarter-on-quarter, losses declined 84%, from SAR 97.24 million.

At the level of the first nine months, the firm’s losses surged 612%, reaching SAR 133.67 million from SAR 18.77 million in the same period of 2017

By 12:47 pm Saudi time, the Saudi Cable Company’s stock fell 3.37%, reaching SAR 37.25.

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (SAR)
Sales 2016 1 618 M
EBIT 2016 -150 M
Net income 2016 -15,2 M
Debt 2016 1 580 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017 -
Capi. / Sales 2016 1,22x
Capi. / Sales 2017 -
Capitalization 402 M
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Managers
NameTitle
Dionysius Augustinus M. Metzmaekers Chief Executive Officer & Director
Mohamed Ali Vaid President
Meyassar Anwar Nowailati Independent Chairman
Mohammad Talal Himdi Vice President-Operations
Talal Al Shammari Group Chief Financial Officer
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