Nass Corporation turns to loss in Q1

Mubasher: Nass Corporation turned to loss during the first quarter of 2019, recording BHD 711,000 ($1.88 million)

Loss per share reached 3.31 fils in Q1-19 versus 2.37 fils in the year-ago period, according to a bourse statement released on Tuesday.

Revenue went down 24% to BHD 34.628 million in the first three months of 2019, compared to BHD 45.516 million a year earlier.

Nass’ sales receded by 25% year-on-year to BHD 32.049 million from January to the end of March.

In 2018, the Bahrain-listed company’s profit registered BHD 4.262 million.

Source: Mubasher

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