Kuwait – Mubasher: Ekttitab Holding trimmed its losses by 82.7% year-on-year in the fourth quarter of 2016, according to a statement.

Losses reached KWD 542,860 ($1.77 million) in Q4-16, compared to KWD 3.14 million ($10.25 million) in Q4-15.

In 2016, losses fell 72.9% to KWD 922,860 in fiscal year 2016 from KWD 3.4 million a year earlier.

The company’s annual losses were mainly weighed by investment losses worth KWD 548,700 in FY16.