Boubyan International incurs higher losses in Q1

Boubyan International incurs higher losses in Q1
The increase in Q1 losses is attributed to higher cost of sales
BIIHC
BIIHC
2.04% 35.00 0.70

Mubasher: Boubyan International Industries Holding suffered an increase of 21.5% in losses during the first quarter ended on 31 October 2018 when compared to the same period a year ago, according to a bourse statement on Thursday.

Losses deepened to about KWD 132,160 ($435,400) in Q1 ended on 31 October 2018 from nearly KWD 108,770 ($358,400) in the same period last year.

The increase in Q1 losses is attributed to higher cost of sales.

At the stock level, Boubyan International closed Thursday’s session 2.63% higher at 19.5 fils.