Mubasher: The unaudited financial statements of Majan Glass reported a decrease of 48.53% in losses during the third quarter of 2016.
Losses shrank to about OMR 251,310 ($650,500) in Q3-16 from nearly OMR 488,280 ($1.26 million) in Q3-15, according to a recent bourse statement.
During the nine-month period, Majan’s losses declined 34.67% to reach around OMR 706,030 from OMR 1.08 million in the same period of 2015.
The company’s overall sales retreated 20.84% to OMR 6.03 million from January to September as compared to OMR 7.62 million in the corresponding period of 2015.
