Kuwait – Mubasher: Al Deera Holding’s losses for the first quarter of fiscal year 2017 worsened by 199.7% to KWD 432,570, compared to KWD 144,360 for Q1-16.

The company attributed the rise in Q1 losses to losses worth KWD 239,640 resulting from investments in associates, compared to income from associates of KWD 78,200 in Q1-16, according to a bourse filing released on Monday.

The stock closed Monday’s session falling 1.52% to 32.5 fils.