Kuwait-Mubasher: Credit Rating and Collection Company’s (Tahssilat) losses shrank in the second quarter of fiscal 2016 by 18.6% year-on-year.

Net losses reached KWD 91,820 ($302,540) in Q2-16, versus KWD 112,860 ($371,860) in Q2-15, according to a bourse filing.

In the first half of fiscal 2016, net losses amounted to KWD 230,160, retreating by 19.4% from KWD 285,440 posted for the same period of 2015.

Tahssilat earlier reported net losses of KWD 138,340 for Q1-16, compared to KWD 172,580 for Q1-15.