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Abyaar Real Estate Q1 losses shrink 14.5%

Abyaar Real Estate Q1 losses shrink 14.5%
A previous OGM of Abyaar Real Estate
ABYAAR
ABYAAR
0.79% 12.70 0.10

Mubasher: Abyaar Real Estate Development posted a decrease of 14.5% in losses during the first quarter of 2019 compared to the same period a year ago.

Losses narrowed to about KWD 136,260 ($449,140) from January to March 2019 when compared to nearly KWD 156,050 ($514,370) in Q1-18.

The decrease in Q1 losses is attributed to foreign currencies translation differences, Abyaar said in a bourse disclosure on Thursday.