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Gulf Investment losses down 46% in Q3

Gulf Investment losses down 46% in Q3
Losses reached BHD 1 million in Q3 - (Photo Credit: Arabianeye-Reuters)
UGIC
UGIC
-8.77% 0.05 -0.01

Mubasher: The financial results of United Gulf Investment Corporation showed a decline in losses by 45.6% in the third quarter of 2016, according to a bourse filing.

Losses reached BHD 1.033 million ($2.72 million) in Q3-16 compared to losses of BHD 1.898 million ($5 million) in Q3-15.

The company also reported decreased losses in the first nine months of 2016 to BHD 595,090 compared to losses of BHD 2.86 million in the same period last year.