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Kuwaiti conglomerate Coast cuts losses by more than half

Kuwaiti conglomerate Coast cuts losses by more than half
Photo Credit: Arabianeye-Reuters
COAST
COAST`R
0.16% 62.00 0.10

Coast Investment and Development decreased its losses by 55% to KWD 1.02 million ($3.36 million) in the first half of 2015, compared to KWD 2.26 million ($7.45 million) in the same period of 2014, the company said in a bourse filing.

The company’s losses retreated 11.5% to KWD 1.23 million ($4.1 million) in the first quarter of 2015.