Mubasher: Aan Digital Services Co registered a decrease of 95.6% in losses during the fourth quarter of 2018 compared to the corresponding period last year.

Losses shrank to about KWD 234,020 ($772,180) in Q4-18 from nearly KWD 5.33 million ($17.59 million) in Q4-17, according to a bourse statement on Thursday.

During fiscal year 2018, Aan Digital posted a decline of 87.3% in losses to nearly KWD 871,020 from KWD 6.88 million in FY17.

The decrease in losses is attributed to higher revenue in FY18 when compared to FY17.

It is noteworthy that Aan Digital is listed on both Boursa Kuwait and the Dubai Financial Market (DFM).

At the stock level, Aan Digital closed Thursday’s session 5.3% lower in Boursa Kuwait, while it fell by 4.65% by the closing of the DFM.