Mubasher: Manazel Holding reported an increase of 159.8% in losses during the first quarter of 2019 compared to the same period last year.

Losses enlarged to about KWD 259,410 in Q1-19 from nearly KWD 99,870 in Q1-18, according to a bourse statement on Tuesday.

The increase in Q1 losses is attributed to lower revenue and higher expenses.