Financial Services trims Q3 losses by 21%

Mubasher: Financial Services trimmed its losses for the third quarter of the fiscal year 2016 by 21.4% to OMR 72,470 ($187,530), compared to OMR 92,170 ($238,510) for Q3-15.

Net losses also shrank in the first nine months of the year by 73.8% to OMR 28,740, versus OMR 109,690 for the same period of 2015, according to a bourse filing released on Monday.

Total revenues increased 9.9% in the January-September period of 2016 to OMR 435,480 from OMR 396,250 in the corresponding period last year.

Financial Services earlier posted a net profit of OMR 43,726 for the first half of 2016, against a net loss of OMR 17,520 for H1-15.

Mubasher Contribution Time: 10-Oct-2016 09:06 (GMT)
Mubasher Last Update Time: 10-Oct-2016 09:06 (GMT)