Mubasher: Senergy Holding Company posted a 73% year-on-year (YoY) increase in losses during the third quarter (Q3) of the year, as shown by quarterly financial statements.

Losses reached KWD 184,000 in Q3-19, compared with KWD 426,600 in the corresponding period last year.

In the first nine months of 2019, losses rose by 45% to KWD 816,660, compared with KWD 426,600 in the same period in 2018.

Increased losses resulted from a decline in profits by KWD 211,000, according to a company statement to Boursa Kuwait.