Kuwait – Mubasher: Coast Investment & Development Co. logged KWD 982,130 ($2.23 million) net loss for the nine-month period ended 30 September, 2015.

The company earlier posted KWD 16.65 million ($54.72 million) profit in the first nine months of 2014.

The Kuwait-listed company ascribed the losses to absence of comparative figure for the profit generated from debt settlement deals reached with a creditor bank this year.