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BRIEF-Zain Saudi reduces its accumulated deficit by 0.78 pct
April 20, 2017 / 12:39 PM / 8 months ago

BRIEF-Zain Saudi reduces its accumulated deficit by 0.78 pct

April 20 (Reuters) - Mobile Telecommunications Company Saudi Arabia:

* Reduces its accumulated deficit by 0.78% from 2.27 billion riyals in December 2016, to 2.23 billion riyals as of Q1 2017

* Accumulated deficit due to difficult market conditions in telecom sector, large debt servicing burden, high amortization expenses Source text for Eikon: Further company coverage:

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