Mubasher: National Industries Group Holding turned to losses in the third quarter of 2016, according to a bourse filing.
The company suffered losses worth KWD 699,000 ($2.3 million) in Q3-16, against profits worth KWD 476,000 ($1.57 million) in the prior-year period.
The group, which is listed on both KSE and DFM, suffered losses of KWD 5.06 million during the first nine months of the year, versus profits of KWD 9.85 million in the year-ago period.
National Industries clarified that the negative turn in financials was due to lower gross profits and investment revenues.
The stock decreased 1.75% to 112 fils, through trading 730,210 shares at a value of KWD 82,000.
