Mubasher: Jordan International Investment Company’s losses shrank in the second quarter of the fiscal year 2016 by 54.1% to JOD 13,480 ($18,960), versus JOD 29,390 ($41,330) reached in Q2-15.

Net losses also declined in the first half of fiscal 2016 by 20.6% to JOD 50,730, compared to JOD 63,910 posted for Ha-15, according to a bourse filing released on Wednesday.

The company earlier posted net losses of JOD 37,250 for Q1-16, 7.9% up from JOD 34,530 reported for Q1-15.