Mubasher: Qatari German for Medical Devices has suffered an increase of 199.6% year-on-year in losses during the fourth quarter of 2017.
The Qatar-based firm's loss widened to QAR 15.4 million ($4.25 million) during Q4-17, up from QAR 5.14 million ($1.42 million) in the same quarter a year earlier, according to a statement to the Qatar Stock Exchange (QSE).
For the full year of 2017, the Qatari medical devices provider registered a loss of 109.2% to QAR 21.69 million versus QAR 10.37 million in the year before.
Losses per share hit QAR 1.88 by the end of 2017, compared to QAR 0.90 in the prior year.
Qatari German for Medical Devices’ board of directors recommended not distributing cash dividends for the fiscal year ended 31 December 2017.
