Mubasher: Al Masaken International Real Estate Development has reported a 95% year-on-year loss hike during the third quarter of the fiscal year 2019.

The company’s loss nearly doubled to KWD 68,450 in Q3-19, compared to KWD 35,170 in the year-ago period, according to a bourse statement released on Tuesday.

In the first nine months of 2019, the Boursa Kuwait-listed firm turned to loss, posting a net loss of KWD 150,340.

It is worth noting that Al Masaken International’s loss reached KWD 81,890 in the first half of 2019.