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Manazel narrows losses in Q1

Manazel narrows losses in Q1
Photo Credit: Arabianeye-Reuters
MANAZEL
MANAZEL`R
55.97% 54.90 19.70

Kuwait - Mubasher: Manazel Holding posted a decline in losses by 40.4% in the first quarter of 2017, according to a bourse filing.

The company said in a statement to Boursa Kuwait on Sunday that losses decreased to KWD 207,210 in Q1-17 from KWD 347,400 in Q1-16.

Manazel attributed the drop losses to lower expenditure and liabilities, as per the statement.