UAE’s TNI turns to losses in H1

Abu Dhabi-Mubasher: The National Investor (TNI) reported net losses of AED 13.9 million ($1.9 million) in the first half of 2015, against profits of AED 21.7 million ($1.5 million) in the same period of 2014, according to a bourse filing on Thursday.

Operating income dropped to AED 67.3 million in H1-15 from AED 90.8 million in H1-14.

The company previously posted a profit slide of 70% for the fiscal year ended 31 March 2015, down to AED 24 million ($6.5 million) from AED 80.4 million ($22 million) in the previous year.

Mubasher Contribution Time: 05-Nov-2015 05:48 (GMT)