Ekttitab Holding posts 12% lower loss in 2019

The net loss of Ekttitab Holding narrowed by 12% on an annual basis


Mubasher: The net loss of Ekttitab Holding narrowed by 12% on an annual basis during the fiscal year (FY) ended on 31 December 2019.

Losses for the period stood at KWD 452,523 last year when compared to KWD 511,506 in 2018, according to a stock exchange filing on Sunday.

In the fourth quarter (Q4) of 2019, the company incurred a net loss of KWD 71,958, down by 34% from KWD 109,536 in the same quarter of 2018.

The company attributed the 2019 financial results to losses from investments worth KWD 228,415.

In February, the company’s preliminary financial statements showed a 23.5% annual drop in losses over FY2019.

Ekttitab Holding is dually-listed on the Dubai Financial Market (DFM) and Boursa Kuwait.

Source: Mubasher

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