Mubasher: Sokouk Holding’s losses during the fourth quarter of 2016 widened 475% to total KWD 4.485 million ($14.67 million) from KWD 780,000 ($2.55 million) in the same period of 2015.
During the fiscal year, the company suffered losses of KWD 6.746 million; 783% higher than KWD 764,000 in FY15, according to a bourse statement issued on Tuesday.
At the stock level, Sokouk started Tuesday’s session 2.15% lower at 45.5 fils, after 1.7 million shares were traded with a total value of KWD 77,000.
