Mubasher: Salam International Investment Limited (SIIS) reported a 68.2% year-on-year surge in losses for the second quarter of 2018.
Net losses amounted to QAR 4.44 million ($1.23 million) during Q2-18, up from QAR 2.64 million ($732,150) in Q2-17, according to the company’s filing to the Qatar Stock Exchange (QSE) late on Tuesday.
For the first half of 2018, net losses of the Qatari-based company recorded QAR 12.66 million, compared to QAR 17.75 million in H1-17.
Losses per share (LPS) stood at QAR 0.11 during the six-month period ended June, versus QAR 0.16 for the same period of the prior year, data showed.
It is worth noting that the company turned to loss in Q1-18 after incurring QAR 8.22 million, against a profit of QAR 20.39 million in the prior-year period.
By 09:47 am Qatar time, the company's stock declined 0.19% at QAR 5.17.
