Bayan Investment’s financial statements of the first quarter took negative turn, registering losses of about KWD 190,490 ($630,000) against earnings worth KWD 2.84 million ($4 million) in Q1-14.

The company’s losses per share reached 0.53 fils in Q1-15 against earnings per share of 7.84 fils in Q1-14.

Bayan reported losses of around KWD 919,900 in the fiscal year 2014, compared to nearly KWD 564,700 in the previous year.