Emeriti Shuaa logs USD7.7m net loss over Q3
16 Nov 2015
(MENAFN) Financial results from Dubai’s Shuaa Capital showed that incomes and net loss were between USD 9,34mn and USD 7.79mn, compared to an income of USD 0.49mn and a gross profit of USD 7.1mn in 2014.
Accordingly, the gross loss was USD 7.76mn compared to a profit of USD 11.1 mn in last year’s corresponding period, plus overall incomes for the mentioned period touched USD 37.6mn.
During the 3rd quarter, hard market conditions created an unstable operating environment, despite that there were a number of great highlights that can be assumed from financial performance.