Mubasher: The losses of Arabi Group Holdings shrank by 67.6% to nearly KWD 443,340 ($1.47 million) in the third quarter of 2017 compared to KWD 1.37 million ($4.54 million) in the same quarter a year ago.

During the first nine months of 2017, the company’s losses decreased by 73.7% to nearly KWD 386,690 from KWD 1.47 million in the same period in 2016, according to a bourse filing issued on Tuesday.

In the first half of 2017, Arabi Group posted a loss of about KWD 65,650 compared to nearly KWD 103,790 in the same half a year ago.