Mubasher: National Industries Group Holding suffered losses worth about KWD 4.74 million ($15.68 million) during the second quarter of 2016, against earnings worth KWD 3.46 million ($11.45 million) in the corresponding period last year.
The company, which is listed on both KSE and DFM, suffered losses of KWD 4.36 million during the first half this year versus profits worth KWD 9.38 million in H1-15, according to an issued statement.
National Industries clarified that the negative turn in financials was due to lower gross profits and investment revenues.
