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SICO narrows losses in Q3

SICO narrows losses in Q3
Losses totalled 63,000 in 9 months - (Photo Credit: Arabianeye-Reuters)
Sico
SICO-C
4.67% 0.16 0.01

Mubasher: Securities and Investment Company (SICO) reported 60.9% year-on-year decrease in losses in the third quarter of 2016, according to a bourse fiing.

Losses reached around BHD 485,000 ($1.27 million) in Q3-16, compared to losses of BHD 1.24 million ($3.3 million) in the same quarter last year.

The company also posted losses of BHD 63,000 in the first nine months of 2016, against profits of BHD 2.298 million in the same period in 2015.