Fixed-income real estate investor, Optibase Ltd.(OBAS: Quote) on Friday reported a wider loss in its second quarter compared to last year, reflecting a rise in expenses and lower revenue.
Net loss for the second quarter was $289,000 or a loss of $0.02 per share, versus a loss of $113,000 or a loss of $0.01 per share in the prior year, due to higher operating expenses and a currency fluctuation loss.
Total revenues for the second quarter were $3.43 million, falling from $3.78 million in the same quarter last year.
Shares of Optibase are currently trading at $1.02, down 7 cents or 6.42%, on the Nasdaq.
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by RTT Staff Writer
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