Al Shurooq Investment Services Q3 losses deepen 962%

Mubasher: Al Shurooq Investment Services Holding Company posted on Wednesday a net loss of OMR 717,350 for the third quarter of the fiscal year 2016, increasing 962% from OMR 67,540 ($174,840) for Q3-15.

In the first nine months of 2016, net losses worsened by 145.85% to OMR 779,160 from OMR 316,930 for the same period of 2015, according to a bourse filing.

Total revenues declined 36.32% to OMR 118,130 in the nine-month period, compared to OMR 185,520 for the same period last year.

The company earlier reported a net loss of OMR 61,810 for the first half of 2016, 75.21% down from OMR 249,390 for H1-15.

Mubasher Contribution Time: 12-Oct-2016 13:50 (GMT)
Mubasher Last Update Time: 12-Oct-2016 13:50 (GMT)