Kuwait – Mubasher: International Resorts on Monday reported widening its losses year-on-year 103.9% in the third quarter of 2016.

Net losses reached about KWD 203,371 ($669,200) in Q3-16, compared with nearly KWD 99,734 ($328,200) in the same period of the previous year, the company’s bourse statement showed.

Results also showed losses of KWD 742,559 for the nine-month period ended 30 September 2016, up 13.5% from approximately KWD 654,451 in the corresponding period of 2015.