Al Masaken International turns to losses in Q2

In the first half of 2019, the company has suffered losses

  

Mubasher:Al Masaken International Real Estate Development, listed on Boursa Kuwait, reported it has turned to losses in the second quarter of 2019.

Losses totaled KWD 59,360 ($159,670) in Q2-19, against a profit of KWD 38,210 ($125,960) in the same quarter of 2018, according to a bourse filing.

In the first half of 2019, the company has suffered losses of KWD 81,890, versus achieving a profit of KWD 47,420 in H1-18.

It is worth noting that Al Masaken International previously announced it had turned to losses with KWD 22,530, compared KWD 9,210.

Source: Mubasher

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