Kuwait – Mubasher: Al Deera Holding reported higher losses during the second quarter this year as compared to the same period in 2015.

Losses deepened by 219% to KWD 2.14 million ($7.07 million) in Q2-16 from KWD about 670,860 ($2.22 million) in Q2-15, the company said in a statement issued Wednesday.

Furthermore, the company’s losses increased by 269.4% to KWD 2.29 million over the first six months of 2016 from KWD 620,000 in the same period of the prior year.