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Effect Real Estate losses shrink 74% in Q1

Effect Real Estate losses shrink 74% in Q1
Losses amounted to about KWD 16,820 ($55,800) in Q1
EFFECT
EFFECT
0.99% 20.50 0.20

Mubasher: Effect Real Estate Co reported a decline of 74.4% in losses during the first quarter that ended on 30 April 2018 when compared to the same period in the previous year.

Losses amounted to about KWD 16,820 ($55,800) in Q1 that ended on 30 April 2018 from nearly KWD 65,650 ($217,600) in the corresponding period last year.

The decrease in Q1 losses is attributed to a change in the fair value of investments through earnings and losses.