Mubasher: Kuwait Cable Vision posted an increase of 185% in losses during the fourth quarter of 2016 as compared to the same period of the prior year.

Losses deepened to about KWD 116,660 ($382,400) in Q4-16 from around KWD 40,930 ($134,170) in Q4-15, according to a bourse statement issued on Wednesday.

During the fiscal year, the company incurred losses of nearly KWD 272,060 against a profit of approximately KWD 138,070 in FY15.

The board members recommended zero dividends for FY16, the statement said.