Kuwait – Mubasher: Investors Holding Group said its losses for the second quarter of 2016 widened by 273.1%.

The Kuwaiti listed firm suffered losses of KWD 307,870 for Q2-2016, against profits of KWD 82,510 for the same period of the previous year.

As for the first half of 2016, the company logged losses of KWD 336,420 compared with KWD 156,310 for the similar period of the preceding year.

The company attributed its losses through this financial periods to both evaluating investments at fair value and selling investments available for sale.