Mubasher: Al Madina Investment Company reported a 3% decline in losses to OMR 1.54 million ($3.97 million) in the third quarter ended 31 December 2015, compared to OMR 1.58 million ($4 million) in the same period of 2014, according to a bourse filing.

Total income reached OMR 346,700 during the period, compared to losses of OMR 118,380.

The company’s stock declined to OMR 0.053 in its last trading session dated 11 January.