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Kuwait’s Equipment losses deepen in 9M

Kuwait’s Equipment losses deepen in 9M
Photo Credit: Arabianeye-Reuters
EQUIPMENT
EQUIPMENT`R
392.92% 383.00 305.30

Kuwait-Mubasher: Equipment Holding suffered about KWD 925,000 losses in the first nine months, compared to nearly KWD 475,200 in the same period of 2014.

In the third quarter, the company’s losses reached approximately KWD 430,700 from around KWD 21,600 in Q3-14.

The increase in losses resulted from escalated operating costs, according to a bourse statement.