Dubai-Mubasher: Al Safwa Islamic Financial Services posted a 210.7% rise year-on-year in its losses during the second quarter of 2016, according to a bourse statement.
Net losses reached AED 1.51 million in Q2-16, compared to AED 484,760 in Q2-15.
Total revenues retreated 28% to AED 1.26 million in Q2-16, compared to AED 1.74 million in Q2-15.
The company incurred losses of AED 3.3 million in H1-16, compared to AED 1.4 million in H1-15.
