Kuwait – Mubasher: Al Themar International Holding suffered losses during the first quarter ended 30 June, 2016.
The company posted losses of about KWD 294,830 ($973,170) in Q1-16 against profits worth nearly KWD 1.55 million ($5.12 million) in Q1-15, according to a bourse statement issued Thursday.
The negative turn in Q1 financial results was due to lower fair value of investments, the company clarified.
