Mubasher TV
Contact Us Advertising   العربية

Sanam posts KWD 26,000 losses in Q2

Sanam posts KWD 26,000 losses in Q2
Sanam Real Estate Company posted a net loss of KWD 26,013 (Photo Credit: Arabianeye-Reuters)
SANAM
SANAM
0.00% 174.00 0.00

Kuwait - Mubasher: Sanam Real Estate Company on Monday posted a net loss of KWD 26,013 ($85,710) in Q2-16 against a net profit of KWD 136,040 ($448,230) in the same period in 2015, according to the company’s statement to the Kuwait Stock Exchange (KSE).

The company’s loss in the first half of 2016 equalled KWD 16,160, against KWD 24,650 net profit in the first half of 2015.

Sanam’s share price went up 3.28% by the end of Monday’s session reaching 31.5 fils.