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GIH turns to losses in Q3-19

GIH turns to losses in Q3-19
Profits declined by 66% in the first nine months of 2019
GIH
GIH
-0.26% 379.00 -1.00

Mubasher: Gulf Investment House (GIH) has recorded losses of KWD 207,270 during the third quarter (Q3) of the year, compared with the same period in 2018.

Meanwhile, profits declined by 66% in the first nine months of 2019, to KWD 282,900, down from KWD 839,300 in the corresponding period last year.

GIH posted a KWD 86,820 loss in Q2-19, while profits soared 145.5% to KWD 490,190 in the first half of 2019.