Mohamed Al-Mojil reports net profit in 1Q2016
Mohammad Al-Mojil Group (MMG) announced its financial headlines for the month ending in March 2016. Net loss was SAR11.6 million, operating loss were SAR8.1 million, while gross loss was SAR6.6 million. MMG reported slim net profit for 1Q2016, coming in at SAR1.6 million, with operating loss at SAR9.5 million and gross loss at SAR18.6 million for the same period. Retained losses to paid-in capital stood at 2.9x as of end of March 2016. (Tadawul)
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