Emmar Real Estate Development and Investments Co announced that its losses increased by 22.15% to JOD 397.26 thousand in the first half of 2014 against JOD 325.22 thousand in the first half of 2013.

Losses per share hit JOD 0.020 in H1-14 against JOD 0.016 in H1-13.

The company clarified in its financial statement that revenues declined by 17% to JOD 113.23 thousand in the first half of the current year compared with JOD 136.56 thousand in the first half last year.

Losses increased also in the second quarter of 2014 by 18.35% to JOD 234.5 thousand compared with JOD 198.15 thousand in the second quarter of 2013.