Mubasher: Bahrain-based Inovest reported losses of $51.2 million for the fourth quarter of 2015, compared to $3.86 million in the same period of 2014, according to bourse filing.
The company posted $53.7 million in losses for FY15, compared to $3.8 million by the end of 2014.
The investment firm had recorded losses of $2.5 million (BHD 971,100) in the first nine months of 2015, against profits of $16,000 (BHD 5,900) in the same period of 2014.
The Bahrain-listed company deepened its losses during the third quarter of 2015 to $651,000, compared to $133,000 in Q3-14.
