Kuwait-Mubasher: The Energy House Holding reported 349.4% jump in losses of the fiscal year 2014/15 as compared to figures from a year earlier, according to a bourse filing.
The company’s losses deepened to KWD 7.91 million ($25.92 million), compared to KWD 1.76 million ($5.77 million).
The board has recommended withholding dividends for the year ended 31 December, 2015.
Energy House said that the increasing losses were caused by a KWD 702,000 decline in gross profit of subsidiaries as well as KWD 311,000 losses stemmed from selling a subsidiary.
