Kuwait – Mubasher: Ikarus Petroleum Industries succeeded to narrow its losses by 95.62% during the third quarter of 2016 as compared to the same period in the previous year.
Losses reached about KWD 296,210 ($977,050) in Q3-16 as compared to KWD 6.8 million ($22.3 million) in Q3-15, according to a bourse statement issued Wednesday.
Over the first nine months this year, Ikarus posted losses worth KWD 1.21 million, 55.9% lower from KWD 2.75 million in the corresponding period a year ago.
