Kuwait-Mubasher: National Ranges Company (Mayadeen) reported a 9.1% rise in losses to reach KWD 1.59 million ($5.24 million) in the first half of 2015, compared to KWD 1.46 million ($4.81 million) in the same period of 2014, the Kuwait-owned company said on Sunday.

The rise in H1 losses is mainly attributed to an increase in interest, and general and administrative expenses.

Mayadeen’s losses increased 7.2% to KWD 791,620 ($2.62 million) in the first quarter of 2014.