Kuwait – Mubasher: International Resorts said its losses in the fourth quarter of 2015 deepened by 3927.32% year-on-year to KWD1.7 million ($5.7 million) from KWD42,900 ($142,200).

The company also logged KWD2.38 million losses in 2015, 104.57% up from KWD1.16 million in 2014.

In the first nine months of 2015, the company lost KWD99,700 compared to  KWD1.12 million for the year-ago period.

Like 2014, the board of directors recommended to freeze 2015 cash dividends, pending the approval of the shareholders and regulatory bodies concerned.