Kuwait – Mubasher: Munshaat Real Estate Projects Company posted on Monday a net loss of KWD 222,610 ($733,770) for the third quarter of fiscal 2016, against a net profit of KWD 2.38 million ($7.85 million) for Q3-15.

In the first nine months of the year, the company suffered a net loss of KWD 2.94 million, compared to a net profit of KWD 4.78 million for the same period of 2015, according to a bourse filing.

The company earlier reported a net loss of KWD 2.71 for the first half of 2016, versus a net profit of KWD 2.39 million for H1-15.