Kuwait – Mubasher: Gulf Investment House suffered losses during the third quarter of 2016 against profits achieved in the same quarter a year ago.
Losses amounted to about KWD 337,310 ($1.11 million) in Q3-16, compared with nearly KWD 7,060 ($23,180) in Q3-15, the company said in a bourse statement issued on Wednesday.
During the first nine months of 2016, the company’s losses shrank by 90.4% to about KWD 615,640 from KWD 6.39 million.
The decrease in losses resulted from a higher share in an associate’s results, the company said.
