Mubasher: The consolidated financial results of Al Mazaya Holding, listed on Boursa Kuwait and the Dubai Financial Market (DFM), showed KWD 4.95 million ($16.21 million) net losses attributable to the shareholders of the parent company in the first six months of 2020, against net profits of KWD 1.21 million ($3.96 million) in the same period of 2019.

The company posted total revenues of KWD 13.85 million in the first half (H1) of 2020, up from KWD 8.16 million in the year-ago period.

The basic losses per share stood at 7.89 fils in H1-20, versus earnings per share (EPS) of 1.79 fils in H1-19.

During the second quarter (Q2), the company saw net losses of KWD 1.493 million, compared to KWD 109,407 net profits in the corresponding quarter of 2019.

It is noteworthy to mention that the first quarter (Q1) of 2020, the company logged net losses of KWD 3.46 million, versus KWD 1.01 million net profits in Q1-19.