Kuwait-Mubasher: National Ranges (Mayadeen) registered a decrease of 0.8% in losses of the first quarter as compared to the corresponding period in 2015, according to a statement issued Monday.
Mayadeen’s losses shrank to nearly KWD 785,600 ($2.61 million) in Q1-16, from about KWD 791,600 ($2.63 million) in Q1-15.
The decrease in losses resulted from a growth in revenues and interest expenses, as well as a decrease in both general and administrative expenses.
