Abu Dhabi-Mubasher: The National Investor (TNI), listed on Abu Dhabi’s second market, turned to losses in the first quarter of 2016, according to a bourse statement.

Losses reached AED 36,110 ($9.83 million) in Q1-16, against profits of AED 23.89 million ($6.50 million) in Q1-15.

The company incurred losses due to a rise in operating expenses by 33.6% to AED 133.83 million in Q1-16, compared to AED 100.22 million in Q1-15.