Mubasher: Gulf Petroleum Investment (PetroGulf) registered a decline of 90.2% in losses during the second quarter of 2017 compared to the same period a year ago.
Losses shrank to KWD 170,000 ($561,900) in Q2-17 from KWD 1.73 million ($5.7 million) in Q2-16, according to a bourse statement issued on Sunday.
During the first six months this year, losses decreased to KWD 2.47 million from KWD 2.97 million in the first half a year ago.
In the first quarter of 2017, PetroGulf suffered a loss of KWD 2.3 million against a profit of KWD 4.3 million in Q1-16.
