SASCO says IFRS boosts retained earnings, shareholders’ equity

11/05/2017 Argaam

Saudi Automotive Services Co. (SASCO) has reported a SAR 44.06 million rise in retained earnings, due to the implementation of the International Financial Reporting Standards (IFRS) as on January 1, 2016.

 

SASCO’s shareholders equity also increased by SAR 75.06 million, for the same reason. 

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