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Al Masaken International’s loss deepens in Q3-19

Al Masaken International’s loss deepens in Q3-19
The firm turned to loss in 9M/19
MASAKEN
MASAKEN
-1.14% 34.60 -0.40

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.