Kuwait-Mubasher: Al Deera Holding’s losses grew to KWD 1.5 million ($4.93 million) in the first nine months, up from KWD 1.18 million ($3.88 million) in the same period of 2014, an increase of 27.1%.

The company said that its increased losses stemmed from a decline in total revenues to KWD 3.19 million in 9M-15 as compared to KWD 5.29 million in 9M-14. Meanwhile, a KWD 2.56 decrease in gross expenses from KWD 6.69 million to KWD 4.13 million was also a contributor to the company’s losses.