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Golden Wheat Mills turns to loss in Q2

Golden Wheat Mills turns to loss in Q2
Photo Credit: Company Website
Golden Wheat Mills
GMC
0.00% 0.81 0.00

Mubasher: Golden Wheat Mills Company reported a net loss of JOD 240,230 ($338,700) in the second quarter of 2016, versus a net profit of JOD 213,200 ($300,600) in the same period last year.

Total losses reached JOD 176,180 in the first six months of the year, compared to JOD 818 in the same period in 2015, according to a bourse filing.

Meanwhile, the company’s sales grew 83.2% in H1-16, to JOD 5 million, compared to JOD 2.73 million in H1-15.