Photo Credit: Arabianeye-Reuters
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Mubasher: Privatization Holding’s losses deepened to total KWD 3.51 million ($11.5 million) during the fourth quarter of 2016, compared with KWD 1.6 million ($5.25 million) in the same period of 2015.
During the fiscal year, the company incurred a loss of KWD 2.45 million against a net profit of about KWD 109,800 in FY15, according to a bourse statement issued on Thursday.
Source:
Mubasher
