Kuwait – Mubasher: Remal Real Estate’s losses for the third quarter of the fiscal year 2016 decreased by 26.6% to KWD 207,260 ($680,460), compared to KWD 163,700 ($537,440) for Q3-15.

Net losses for the first nine months declined by 19.3% to KWD 747,260 from KWD 626,330 for the same period of 2015, according to a bourse filing released on Wednesday.

The company earlier reported a net loss of KWD 540,230 for the first half of 2016, versus KWD 462,630 for H1-15.

By 11:00am Kuwait time, the stock stood at 50 fils as 2.12 million shares were exchanged at KWD 108,350.