With reference to Saudi Cable Company announcement on Tadawul on 25/4/1435 H corresponding to 25/2/2014 M about its annual financial results for the period ending on 31/12/2013 the company would like to clarify the following reason for increase of losses for the period ending on 2013 compared with the same period last year. The reasons for increase in losses during the period ending on 2013 compared with the similar period of last year is attributed to lower sales volume, lower margins, an increase in operating expenses and positive fair values of derivate financial instruments, and additional provisions for doubtful debts.
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