Mubasher: The Energy House Holding’s losses were doubled 17 times year-on-year during the first quarter of 2019, recording KWD 2.4 million ($7.9 million).

The increase in the company’s loss stemmed from the decline in fair value of assets, according to a bourse statement.

Energy House registered a decline of 98.8% in losses during the fourth quarter of 2018, compared to the same period last year.

Losses shrank to KWD 14,030 ($46,280) in Q4-18 from KWD 1.17 million ($3.86 million).