Kuwait – Mubasher: Al Mal Investment posted a decline of 81.3% in losses during the third quarter of 2016 as compared to the same period a year ago.
Losses decreased to about KWD 346,630 ($1.14 million) in Q3-16 from KWD 1.853 million ($5.22 million) in Q3-15, according to a bourse statement.
From January to September this year, Al Mal registered losses worth KWD 14.115 million against profits worth KWD 8.566 million in the same period of 2015.
The losses achieved in the period ended 30 September resulted from unrealized losses from investments at fair value of about KWD 417,850 as well as losses from provision by KWD 12.77 million.
