ENERGYH
ENERGYH
-4.07%
118.00
-5.00
ENERGYH
Mubasher: The Energy House Holding has registered a decrease of 92.7% in losses during the fourth quarter fiscal year 2017 compared to the same quarter in the previous year.
Losses shrank to KWD 1.17 million ($3.89 million) in Q4-17 from KWD 16 million ($53.29 million) in Q4-16, according to a bourse statement on Sunday.
During FY17, losses declined by 74.8% to KWD 5.04 million compared to KWD 19.99 million.
Energy House’s board members recommended zero dividends for FY17.
During the first nine months of 2017, the company incurred a loss of KWD 3.87 million, 3% lower than KWD 3.99 million in the prior fiscal year.
Source:
Mubasher