Mubasher: Delmon Poultry reported a decline of 58.3% in losses during the fourth quarter of 2016 as compared to the same period in 2015.

Losses decreased to BHD 208,000 ($548,000) in Q4-16 from BHD 499,000 ($1.3 million) in Q4-15, the company said in a bourse filing on Wednesday.

During the fiscal year of 2016, Delmon suffered losses of BHD 1.09 million versus profits of about BHD 521,550 in FY15.