Oman & Emirates Investment's losses deepen in 9M

Mubasher: Oman & Emirates Investment Holding Company (OEIHC) has logged net losses attributable to the owners of the parent of OMR 1.78 million ($4.62 million) during the first nine months of 2020, compared to OMR 319,212 ($825.91 million) in the corresponding period of 2019.

The group's income from operations declined to OMR 939,000 in the January-September period of 2020 from OMR 2.47 million in the year-ago period, according to the company's financial results for the period ended on 30 September 2020.

The losses per share settled at OMR 0.015 in the first nine months of 2020, compared to OMR 0.003 in the same period of 2019.

It is noteworthy to mention that in the first half (H1) of 2020, the parent company has turned to losses with OMR 2.17 million, against OMR 374,130 net profits in H1-19.

Mubasher Contribution Time: 08-Nov-2020 09:27 (GMT)
Mubasher Last Update Time: 08-Nov-2020 09:27 (GMT)