Doha – Mubasher: Qatari German for Medical Devices’ losses widened 163.6% year-on-year in the fourth quarter of 2016.

The company registered QAR 5.14 million ($1.41 million) losses in Q4-16 compared to SAR 1.95 million ($535,100) in the year-ago period.

In the twelve months of 2016, the company logged QAR 10.37 million losses, 9.3% down from QAR 11.43 million in 2015.

Loss per share reached QAR 0.9 in 2016 compared to QAR 0.99 in 2015, according to a bourse filing on Monday.

The company’s losses reached QAR 5.23 million in the first nine months of 2016, 44.8% lower than QAR 9.48 million for the year-ago period.