Dubai's Shuaa Capital swung to a second-quarter net loss as the investment firm continued its restructuring efforts and booked one-off costs, it said in a statement on Thursday.
The company posted a net loss of 15.9 million dirhams ($4.3 million) for the three months to June 30, compared with a 0.6 million dirhams profit in the same period last year.
Shuaa added most of its restructuring efforts, plus the booking of one-off costs associated with it, had been completed in the second quarter and the benefits of this programme would begin to show through from the third quarter onwards.
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