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QG Medical losses grow 1% in Q1-18

QG Medical losses grow 1% in Q1-18
Net losses amounted to QAR 2.23 million in Q1-18
QG Medical Devices
QGMD
1.15% 1.31 0.01

Mubasher: Qatari German Medical Devices (QG Medical) posted a 0.9% year-on-year rise in its losses for the first quarter of 2018.

Net losses amounted to QAR 2.23 million in the three-month period ended March 2018, compared to QAR 2.20 million in Q1-17, according to a filing to the Qatar Stock Exchange (QSE) issued late Sunday.

Losses per share remained unchanged at QAR 0.19, the Qatar-based firm noted. 

For the full-year 2017, QG Medical’s losses hiked 109.2% to QAR 21.69 million, up from QAR 10.37 million a year earlier.