Mubasher: Yiaco Medical incurred a loss of KWD 6.48 million ($21.4 million) during the fourth quarter of 2018, 489% higher than KWD 1.1 million ($3.6 million) losses in the same period a year ago.
During fiscal year 2018, Yiaco Medical posted a decline of 84.7% in losses to KWD 1.366 million compared to KWD 8.945 million in the previous year, according to a bourse disclosure on Thursday.
Yiaco Medical clarified that the losses registered in FY18 were attributed to lower sales.
