Kuwait – Mubasher: Al Masaken International Real Estate Development suffered losses during the third quarter of 2016 against profits registered in the same quarter a year ago.

Losses reached about KWD 175,900 ($580,390) in Q3-16 versus profits worth nearly KWD 112,750 ($372,030) in Q3-15, Al Masaken said in a bourse statement issued Tuesday.

During the nine-month period this year, the company suffered losses of about KWD 342,550 against profits worth around KWD 732,690 in the corresponding period of 2015.