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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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