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QG Medical incurs QAR 2.17m loss in Q2

QG Medical incurs QAR 2.17m loss in Q2
The company’s losses rose 1.9% to QAR 4.4 million in H1-18
QG Medical Devices
QGMD
1.15% 1.31 0.01

Mubasher: Qatari German Medical Devices (QG Medical) on Thursday reported a 2.8% year-on-year loss increase during the second quarter of 2018.

QG Medical suffered a loss of QAR 2.17 million ($599,320) during Q2-18, compared to SAR 2.11 million ($582.750) in Q2-17, according to a statement to the Qatar Stock Exchange (QSE).

In the first six months of 2018, the company’s losses rose 1.9% to QAR 4.4 million, compared to QAR 4.32 million in H1-17.

Losses per share (LPS) amounted to QAR 38 in the six-month period ended last June, down from QAR 37 in the prior-year period.