Mubasher: Coast Investment and Development Company has turned to losses during the third quarter (Q3) of the year, as shown by the company’s financial statements.

Losses amounted to KWD 611,000 ($2 million) in Q3-19, versus profits of KWD 694,000 ($2.3 million) in the corresponding period in 2018.

In the first nine months of 2019, the company registered losses of KWD 1.11 million, against profits of KWD 315,600 in the same period last year.

The company reported a 33% increase in losses in the first half (H1) of the year to KWD 502,840, compared with KWD 377,950 in H1-18.