The losses stood at KWD 676,532 in 2019
KPPC
KPPC
5.98%
39.00
2.20
KPPC
Mubasher: The net loss of Privatization Holding narrowed by 83.13% during the fiscal year (FY) 2019 to stand at KWD 676,532 from KWD 4 million in 2018.
The drop in the annual loss is ascribed to an increase in revenues from sales and services, a higher share of results from associates, and dividend income, according to a bourse disclosure on Wednesday.
Over the fourth quarter (Q4) of 2019, the losses halved to KWD 481,148 when compared to KWD 965,727 in the corresponding period in the year before.
Source:
Mubasher