Kuwait – Mubasher: Gulf Investment House’s losses shrank 95% to about KWD 291,860 ($966,700) during the second quarter of 2016 from KWD 6.42 ($21.3 million) in the same period a year ago.
The decline in losses resulted from a growth in the company’s share in associates’ financial statements, according to a bourse statement.
During the first half of 2016, losses decreased 96% to nearly KWD 278,320 as compared to KWD 6.39 million in H1-15.
