Kuwait –Mubasher: Munshaat Real Estate Projects Company posted on Tuesday net losses of KWD 1.49 million ($4.94 million) in the first quarter of fiscal 2016, against a net profit of KWD 3.73 million ($12.37 million) in Q1-15, according to a bourse filing.
Munshaat earlier reported losses worth KWD 3.89 million ($12.91 million) Q4-15, compared to profits worth KWD 1.47 million ($4.88 million) in Q4-14.
The stock closed today’s session rising 1.64% to 62 fils through exchanging 866,350 shares at KWD 53,420 ($177,240).
