Mubasher: National Securities’ unaudited financial statements for the third quarter of fiscal 2016 showed a 49.64% decrease in the company’s net losses.
Net losses for Q3-16 reached 115,540 ($299,000), versus OMR 229,450 ($593,900) for Q3-15, according to a bourse filing released on Wednesday.
The company turned to profitability in the first nine months of 2016 with a net profit of OMR 245,620, compared to a net loss of OMR 745,980 for the same period of 2015.
Total revenues rose 541.7% in the nine-month period to OMR 249,740 from OMR 73,080 for the same period last year.
The company earlier posted a net profit of OMR 361,160 for H1-16, versus a net loss of OMR 516,530 for H1-15.
