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Oman & Emirates Investment Holding logs OMR 2m in H1-20

Oman & Emirates Investment Holding logs OMR 2m in H1-20
The loss per share settled at OMR 0.018

Mubasher: Oman & Emirates Investment Holding Company (OEIHC) has incurred OMR 2.166 million net losses attributable to the owners of the parent during the first six months of 2020, against net profits of OMR 374,132 in the same period of 2019.

The group's total income decreased to OMR 1.282 million in the first six months of 2020, compared to OMR 2.644 million in the corresponding period of 2019, according to the company's financial results for the period ended on 30 June 2020.

The loss per share settled at OMR 0.018 in H1-20, versus OMR 0.003 earnings per share (EPS) in H1-19.

It is noteworthy to mention that during the first quarter (Q1) of 2020, the company has logged net losses of OMR 2.22 million, against net profits of OMR 1.09 million in the same quarter of 2019.

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