Mubasher: Oman & Emirates Investment Holding Company (OEIHC) has logged net losses attributable to the owners of the parent company of OMR 2.22 million ($5.76 million) during the first quarter of 2020, against net profits of OMR 1.09 million in the same quarter of 2019.

The company's total income reached OMR 2.089 million in Q1-20, compared to OMR 2.444 million during the year-ago period, according to the company's preliminary financial results for the period ended 31 March 2020.

It is noteworthy to highlight that in 2019, the company incurred a net loss of OMR 971,000, compared with a net loss of OMR 68,000 in 2018.

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