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Gulf Investment Services cuts Q3 losses 51%

Gulf Investment Services cuts Q3 losses 51%
Net profit for the first nine months of 2016 reached OMR 58,580 (Photo credit: Arabianeye - Reuters)
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Mubasher: Gulf Investment Services Holding trimmed its losses for the third quarter of fiscal 2016 by 50.6% to OMR 462,940 ($1.2 million), compared to OMR 936,200 ($2.43 million) for Q3-15.

Net profit for the first nine months of 2016 reached OMR 58,580, versus a net loss of OMR 390,860 for the same period of 2016, according to a bourse filing released Monday.

The company earlier reported a net profit of OMR 521,510 for the first half of 2016, 4.4% down from OMR 454,340.