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Danah turns to losses in Q2

Danah turns to losses in Q2
The Kuwaiti firm suffered losses of KWD 1.547 million
DANAH
DANAH
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Mubasher: Danah Al Safat Foodstuff announced turning into losses during the second quarter of 2019.

The Kuwaiti firm suffered losses of KWD 1.547 million ($5.09 million) in the three-month period ended 30 June, against a profit of KWD 44,227 ($145,530) during the year-ago period, according to a statement to Bourse Kuwait on Sunday.

As for the first half of 2019, Danah’s losses widened by 744.8% to KWD 1.745 million, compared to KWD 206,552 in the corresponding period a year earlier.

The increase in H1 losses was ascribed to lower sales.

During the first quarter of 2019, Danah’s losses declined by 21.2% year-on-year to KWD 197,600, compared to KWD 250,780.