Kuwait – Mubasher: Munshaat Real Estate Projects posted a decrease of 28.9% in losses during the first quarter of 2017, compared to the same period in 2016.

The company suffered a loss of KWD 1.06 million ($3.48 million) in Q1-17, lower than KWD 1.49 million ($4.89 million) in Q1-16, according to a bourse statement issued on Tuesday.