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Majan Glass losses down 23% in Q2-16

Majan Glass losses down 23% in Q2-16
Net losses reached OMR 454,714 in Q2-16- (Photo Credit: Company Website)
Majan Glass
MGCI
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Mubasher: Majan Glass Company’s unaudited financial results showed that its net losses retreated 23.24% in the second quarter ended on 30 June 2016.

Net losses reached OMR 454,714 ($1.2 million) in Q2-16, versus OMR 592,418 ($1.5 million) in Q2-15, according to a bourse filing.

The company posted OMR 1.61 million losses in 2015 compared to OMR 65,020 in the previous year.