Mubasher: Intermediate Petrochemicals Industries reported a decline in losses in the third quarter of 2016 by 27.14% to JOD 89,940 ($126,620) from JOD 123,430 ($173,770) in the same quarter last year, according to a bourse filing on Monday.

Losses were also decreased by 26.68% in the first nine months of the year to JOD 291,110 compared to JOD 397,020 in the same period in 2015.

The company said that it made a profit of JOD 10,260 from selling assets and equipment in Q3-16.