Mubasher: Oman & Emirates Investment Holding Co (OEIHC), listed on the Muscat Securities Market and the Abu Dhabi Securities Exchange (ADX), has reported its preliminary financial results for the third quarter of 2019.

The company has incurred a net loss of OMR 290,221 in the three-month period ended 30 September 2019, against a net profit of around OMR 1.505 million in the prior-year period, according to a bourse filing on Tuesday.

Total income plunged by 59% to OMR 1.333 million in Q3-19, versus OMR 3.232 million in the same quarter of 2018.

It is worth noting that OEIHC’s unaudited financial results for the first half of 2019 previously showed that the company recorded OMR 374,000 in net profit, compared to profits of OMR 1.46 million in H1-18.