Mubasher: Amar for Finance and Leasing reported a decrease of 12.5% in losses during fiscal year 2017 compared to the prior year.

Losses declined to KWD 1.54 million ($5.14 million) in FY17 from KWD 1.76 million ($5.87 million) in FY16, according to a bourse statement on Sunday.

Operating losses shrank by 23% to KWD 1.07 million in FY17 compared to KWD 1.39 million in the previous fiscal year.

The board members recommended zero dividends for FY17, the statement noted.