Mubasher: The unaudited financial statement of Energy House Holding posted an increase of 121% in losses during the fourth quarter of 2016 when compared to the same period a year ago.
Losses grew to KWD 16 million ($52.40 million) in Q4-16 from KWD 7.24 million ($23.71 million) in Q4-15, according to a bourse filing issued on Thursday.
During the Fiscal year of 2016, losses widened by 152.75% to KWD 19.99 million from KWD 7.91 million in FY15.
On the stock level, Energy House retreated by 8.2% to end Thursday’s session at 56 fils.
