Kuwait-Mubasher: Coast Investment and Development suffered losses worth KWD 7.75 million ($25.6 million) in the fourth quarter of 2015, an increase of 11.63% as compared to KWD 6.9 million ($22.8 million) in the same period of 2014

The companyposted losses worth KWD 8.7 million in 2015, against profits worth KWD 9.69 million a year earlier.

Meanwhile, Coast stock rose by 1.47% to 34.50 fils at 10:43 am Kuwait local time on Monday.