Mubasher: Warba Insurance incurred losses of approximately KWD 609,360 ($2 million) during the fourth quarter of 2016 against profits worth KWD 26,000 ($85,180) in the same period in 2015.
During the fiscal year, the company’s earnings shrank 83.2% to total about KWD 276,240 from KWD 1.64 million in FY15, according to a bourse filing issued on Sunday.
At the stock level, Warba Insurance reached 104 fils at Sunday’s close.
