Mubasher: The unaudited initial financial results of Dhofar Insurance showed a rise in losses by 127.4% year-on-year for the first quarter of 2017, according to a bourse filing.

The company said in a statement to the Muscat Securities Market (MSM) on Sunday that losses reached OMR 1.28 million ($3.32 million) in Q1-17 compared to OMR 562,810 ($1.46 million) in the same quarter last year.