Al Madar: losses reach $39.5 million in 2010

28 Dec 2010

(MENAFN) Al-Madar Finance and Investment Company issued a statement saying total losses for the company reached $39.5 million in the first nine months of the current year, KUNA reported.

The statement added that these losses were reflected in $0.111 per share. The company also registered losses of $30.3 million in the first nine months of the previous year.

In addition, overall shareholder equity amounted to $95.1 million for the first three quarters of the current year. Total assets amounted to $406.6 million and total liabilities equaled $286.1 million. Liabilities increased by around $12 million compared to the same period last year.

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