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Oman & Emirates Investment reports OMR 1.4m losses in 2019

Oman & Emirates Investment reports OMR 1.4m losses in 2019
OEIHC losses amounted to OMR 971,000

Abu Dhabi – Mubasher: Oman & Emirates Investment Holding Company (OEIHC) incurred a net loss of OMR 971,000 during the fiscal year (FY) ended 31 December 2019, compared with a net loss of OMR 68,000 in 2018.

The parent company’s annual losses amounted to OMR 1.4 million last year with total expenses reaching OMR 2.14 million by the end of December 2019, down by 33% from OMR 3.21 million a year earlier, as shown by the company's unaudited financial results, according to a bourse filing on Wednesday.

It is worthy to mention that during the period from January to September 2019, the investment firm suffered a loss worth OMR 319,212, against a profit of OMR 1.504 million in the same period in 2018.

Oman & Emirates Investment is a company listed on Muscat Securities Market (MSM) and the Abu Dhabi Securities Exchange (ADX).