Kuwait - Mubasher: Al Massaleh Real Estate Company reported a 93% year-on-year decline in losses in the second quarter of 2016, according to a bourse filing on Tuesday.

Net losses recorded in Q2-16 equalled KWD 52,370 ($173,300), compared to KWD 707,560 ($2.3 million) in Q2-15.

Losses also decreased 74% in H1-16 to KWD 182,000 from KWD 688,600 in H1-15, according to the company’s statement.