Mubasher: Palestine’s Arab Real Estate Company narrowed its net losses by 74.47% to JOD 35,950 ($50,590) in the first nine months of 2015, according to the company’s financial statement posted on Monday.

In the first nine months of 2014, the company reported losses of JOD 140,800 ($198,200).

The Palestinian developer earlier posted a net loss of JOD 12,210 in the first half of fiscal year 2015.