Kuwait – Mubasher: Gulf Petroleum Investment (PetroGulf) suffered a loss of KWD 2.3 million ($7.6 million) during the first quarter of 2017, against profits worth KWD 4.3 million ($14.1 million) in the same period of the prior year.

The company posted a plunge of 73.3% in operating profits to about KWD 228,800 in Q1-17 from nearly KWD 858,400 in Q1-16, according to a bourse filing issued on Monday.