Kuwait – Mubasher: Abyaar Real Estate Development (Abyaar) said Wednesday that Q3 losses widened 195% year-on-year to KWD 823,480 ($2.7 million) from KWD 279,180 ($916,580), according to a bourse filing.
During the first nine months, the company registered KWD 1.22 million losses against KWD 6,100 profits for the year-ago period.
In the first half, the company swung into losses after recording KWD 395,750 versus KWD 285,280 profits for the first six months of 2016.
The stock quote was 2.63% higher to 19.5 fils after trading 490,000 shares worth KWD 9,600 at open.
