Mubasher: Sokouk Holding Company reported a decline of 19.9% in losses during the first quarter of 2018 compared to the same period in the previous year.

Losses decreased to about KWD 707,690 ($2.35 million) in Q1-18 from nearly KWD 883,350 ($2.93 million) in Q1-17, according to a bourse statement on Sunday.

The shrink in Q1 losses is attributed to an improvement in operating income from hotels.