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Specialized Investment 9M loss shrinks 36%

Specialized Investment 9M loss shrinks 36%
Photo credit: Arabianeye - Reuters
SJIC
SIJC
-4.95% 0.96 -0.05

Mubasher: Specialized Jordanian Investment reported a loss of JOD 14,660 ($20,600) in the first nine months of 2015, according to the company’s financial statements.

The Amman-listed company decreased its losses by 35.85%, compared to JOD 22,860 ($32,000) in the same period last year.

The company managed to reduce its operating costs of the real estate investments from JOD 99,100 to JOD 89,280 y/y.

The statement also said that the company narrowed 81.68% of its half-year loss to JOD 5,138 ($7,225) this year.