Mubasher: Yiaco Medical registered an increase of 169.5% in losses during the third quarter of 2018 compared to the same period last year.
Losses deepened to KWD 1.28 million ($4.22 million) in Q3-18 from KWD 475,000 ($1.57 million) in Q3-17, according to a bourse statement on Tuesday.
From January to September 2018, Yiaco Medical posted a decrease of 84.7% in losses to KWD 1.366 million compared to KWD 8.945 million in the same nine months in 2017.
Yiaco Medical clarified that the losses incurred in the first nine months of 2018 are attributed to lower revenues as well as creating provisions.
