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Kuwait Syrian Holding losses widen 626%

Kuwait Syrian Holding losses widen 626%
Photo Credit: Arabianeye-Reuters
EMIRATES
EMIRATES`R
202.41% 163.00 109.10

Kuwait Syrian Holding (KSH) Company has issued its financial results for the year ended on December 31, 2014, with losses increasing by 626%.

 

KSH’s losses totaled KWD 7.22 million in 2014, compared to KWD 994.4 thousand in 2013.

 

Moreover, the Company’s losses were amounted to KWD 80.3 thousand in Q4-14 against KWD 459 thousand in Q4-13.

 

Meanwhile, KSH’s revenues posted KWD 3.5 million.

 

Noteworthy, KSH Board of Directors has not recommended cash dividends for FY-2014.