Kuwait-Mubasher: Al Safat Real Estate posted negative turn in financials of the nine months ended 31 October, 2015.

The Kuwaiti company reported losses worth about KWD 53,700 ($177,000) in 9M-15, against earnings of nearly KWD 96,900 ($319,300) in 9M-14.

Al Safat noted that the negative shift in 9M financials resulted from losses registered by the sale of investments at fair value as well as decreasing revenues from property lease.