Last SR9.98 SAR
Change Today +0.05 / 0.50%
Volume 1.1M
As of 8:30 AM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

saudi cable co (SCACO) Snapshot

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52 Week High
05/26/14 - SR15.15
52 Week Low
12/17/14 - SR8.15
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saudi cable co (SCACO) Details

Saudi Cable Company manufactures and markets electrical and telecom cables in Saudi Arabia and internationally. Its products comprise energy cables, overhead lines conductors, copper conductor and fiber optics communication cables, and metallic cables. The company also produces and supplies cable materials, such as copper rods, cable-grade plastics, and wooden reels; and engages in turnkey cable projects, including underground cable system, overhead transmission line, and telecommunication projects, as well as offers field support services. In addition, it supplies cable accessories consisting of terminations, joints, lugs, etc., as well as specialized electrical products, such as towers, insulators, OPGW, transformers, and switchgears. The company serves government agencies and public utilities, as well as customers in the power cables, telecables, materials, and installations market in approximately 60 countries. Saudi Cable Company was founded in 1975 and is based in Jeddah, Saudi Arabia.

Founded in 1975

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saudi cable co (SCACO) Key Developments

Saudi Cable Co. Reports Earnings Results for the Fourth Quarter and Year Ended December 2014

Saudi Cable Co. reported earnings results for the fourth quarter and year ended December 2014. For the fourth quarter of 2014, the company registered a net loss of SAR 61.5 million, compared with a net loss 73.9 million in the corresponding period a year ago. The company managed to cut its net loss to SAR 203.3 million for 2014 from SAR 229.1 million in 2013. Without disclosing exact figures, the company attributed the improvement to lower loan provisions during 2014.

Saudi Cable Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 2014

Saudi Cable Company reported earnings results for the third quarter and nine months ended September 2014. For the quarter, the company widened its net loss to SAR 50 million from SAR 8 million for the year-earlier quarter, due to lower sales volumes and profit margins. Operating loss expanded by 292.26% to SAR 56.25 million. For the nine months ended September 2014, net loss came in at SAR 141.74 million, compared to SAR 155.2 million for the year-earlier period. Loss per share decreased to SAR 1.87 from SAR 2.04. Operating loss widened to SAR 138.6 million from SAR 137.8 million.

Saudi Cable Co. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Saudi Cable Co. reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's net loss was SAR 50.6 million, compared to a net loss of SAR 131.75 million for the same quarter ended June 30, 2013. For the six months, the company's net loss was SAR 91.7 million, or SAR 1.21 loss per share, compared to a net loss of SAR 147.2 million, or SAR 1.94 loss per share, for the same period ended June 30, 2013.


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