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Kuwait’s Al Themar International turns negative in Q3

Kuwait’s Al Themar International turns negative in Q3
Photo Credit: Arabianeye-Reuters
THEMAR
THEMAR
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Kuwait-Mubasher: Al Themar International Holding posted losses worth KWD 19.78 million ($65.6 million) in the third quarter ended 31 December, 2015, against earnings worth nearly KWD 938,700 ($3.1 million) in the same quarter of 2014.

Q3 financials were hurt by a downgrade in the fair value of the investments available for sale.