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Osoul suffers higher losses in Q3

Osoul suffers higher losses in Q3
Losses reached about KWD 93,790 (Photo Credit: Arabianeye-Reuters)
OSOUL
OSOUL
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Kuwait – Mubasher: Osoul Investment suffered a growth in losses by 54.5% during the third quarter of 2016 as compared to the same period a year ago.

Losses reached about KWD 93,790 ($308,600) in Q3-16 when compared to around KWD 60,700 ($199,700) in Q3-15, according to a bourse statement issued on Monday.

During the nine-month period, earnings increased by 247.6% to nearly KWD 348,220 as compared to about KWD 100,190 in the same period a year ago.