Dubai – Mubasher: Gulfa Mineral Water and Processing Industries Company trimmed its losses by 1.7% year-on-year in the first quarter of 2017, according to a statement.
Net losses reached AED 332,120 ($90,430) in Q1-17, compared to AED 337,700 ($91,950) in Q1-16.
Net sales rose 2.7% year-on-year to AED 10.11 million in Q1-17, while expenses and other charges fell 10.6% to reach AED 2.37 million.
The company posted profits of AED 1.35 million in 2016, compared to AED 1.05 million in 2015.
