Doha – Mubasher: Qatari German for Medical Devices Company (QGMD) narrowed its losses in the fourth quarter of 2015 by 41.17% year-on-year.
Net losses reached QAR 2 million ($0.5 million) in Q4-15, versus QAR 3.4 million ($0.93 million) in the same period of 2014, according to the company’s financial statements released on Wednesday.
The company’s financials showed net losses of QAR 11.4 million ($3.13 million) in 2015, compared to QAR 13.3 million ($3.65) in 2014.
Loss per share reached QAR 0.99 ($0.27) in 2015, against QAR 1.15 ($0.32) in 2014.
The Qatar-listed company’s stock declined in today’s session by 1.23% to QAR 12.83 ($3.52).
