SAUDI CABLE COMPANY 1443/03/28 Wed Nov 3, 2021 09:30:25
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| Element List | Explanation |
| Introduction | Further to the announcement of the Saudi Cable Company on 02-11-2021 regarding the company's announcement of the interim financial results for the period ending on 30-09-2021 (nine months) |
| Date of Posting the Previous Announcement of Development on Tadawul's Website | 2021-11-02 Corresponding to 1443-03-27 |
| URL of the Previous Announcement | Click Here |
| Change on the Development |
1- The main reasons that led to the attainment of losses:
• Decreased sales volume during the current period. • Decrease in other revenues during the current period. 2- Actions to be taken by the company regarding these losses: The company intends to take the following corrective steps: • Strict control of costs and work to reduce them to the minimum. • Re-evaluating the administrative structure and its reflection on human resources, working to achieve a more flexible hierarchy and achieving a reduction in expenses. • Searching for working capital financing options in the form of equity and seeking financial facilities to increase the outputs (goods and services) provided by the group. • Working to increase revenue by opening new sales channels and targeting new customers, which will help improve profit margins. |
| Financial Impact on the change | n/a |
| Additional Information | n/a |
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Saudi Cable Company JSC published this content on 03 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2021 09:21:04 UTC.
