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Emaar Investments pares losses in first half

Emaar Investments pares losses in first half
Photo Credit: Arabianeye-Reuters
Emmar
EMAR
7.69% 0.14 0.01

Mubasher: Emaar Investments and Real Estate Development reported a 63.3% plunge in losses to JOD 145,700 ($204,800) in the first half of 2015, compared to JOD 397,200 ($558,000) in H1-14, according to a bourse filing.

The company turned profitable after generating JOD 17,140 ($24,110) in Q1-15, against losses of JOD 162,730 ($228,940) in the previous year.