Doha – Mubasher: Qatari German for Medical Devices Company posted on Thursday net losses of QAR 2.05 million ($563,000) in the first quarter of fiscal 2016, 46.8% down from QAR 3.85 million ($1.06 million) in Q1-15.
Loss per share reached QAR 0.18 for the period ended on 31 March 2016, compared to QAR 0.33 for the same period of 2015, according to a bourse statement.
The company earlier reported net losses of QAR 11.4 million in 2015, against QAR 13.3 million in 2014.
The stock closed today with a rise of 2.33% through exchanging 26,200 shares at QAR 318,200.
