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Article: SHUAA Capital reports third quarter loss of $73.3 million.(Financial report)
- Article from:
- CPI Financial
- Article date:
- November 1, 2009
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Byline: news@cpifinancial.net (Staff Writer)
SHUAA Capital has reported results for the third quarter ended 30 September 2009. Profit from operations was AED 32.3 million ($8.8 million) in the quarter before investment impairment charges of AED 259 million ($70.6 million) and provisions of AED 42.5 million ($11.6 million).
Third quarter 2009 operating income was negative AED 164.3 million ($44.7 million), compared to a negative operating income of AED 332.1 million ($90.4 million) for the same period last year. Third quarter 2009 loss was AED 269.3 million ($73.3 million) compared to a loss of AED 438.2 million ($119.3 million) during the third quarter ...