Kuwait – Mubasher: Kuwait and Middle East Financial Investment Company’s (KMEFIC) losses increased in the first quarter of fiscal 2016 by 104.5% year-on-year.
Net losses reached KWD 5890,600 ($1.95 million) in Q1-16, versus KWD 288,300 ($954,200) in Q1-15, according to a bourse filing.
KMEFIC earlier reported net losses of KWD 2.79 million in 2015, 153.6% up from KWD 1.1 million in 2014.
