SULTAN
SULTAN
-0.94%
105.00
-1.00
SULTAN
Mubasher: Sultan Center Food reported a decline of 74.3% in losses during the fourth quarter of 2017 compared to the same period in the previous year.
Losses decreased to KWD 6.6 million ($22.04 million) in Q4-17 from KWD 25.73 million ($85.91 million) in Q4-16, according to a bourse filing on Thursday.
During fiscal year 2017, Sultan Center registered a drop of 81.8% in losses to KWD 4.41 million from KWD 24.28 million in FY16.
The plunge in FY17 losses is attributed to a decrease in the general, administrative, and sales expenses.
Source:
Mubasher