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FinancialNews


  • 13-11-19

    PetroGulf decreases loss by 69.4 percent Q3-19

    (MENAFN) Gulf Petroleum Investment (PetroGulf) has announced a 69.4percent year-on-year loss decline during the third quarter of the fiscal year 2019.

    According to a bourse statement released on Tuesday, the company's loss dropped to USD1.33 million in Q3-19, compared to USD4.36 million in the year-ago period.

    In the first nine months of 2019, the Boursa Kuwait-listed firm"s loss declined by 59.1percent YoY to USD 3,154,799.

    PetroGulf registered a 45.7percent YoY decrease in losses to approximately USD 1,824,492in the first half of 2019.

    MENAFN1311201900450000ID1099265855

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