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Sanam Real Estate suffers losses in Q4

Sanam Real Estate suffers losses in Q4
Photo Credit: Arabianeye-Reuters
SANAM
SANAM`R
0.94% 214.00 2.00

Mubasher: Sanam Real Estate suffered losses worth KWD 118,000 ($385,470) during the fourth quarter of 2016 against a profit of KWD 17,000 ($55,530) in the same period of 2015.

During the fiscal year, the company’s losses widened by 193.6% to about KWD 258,350 from KWD 88,000 in FY15, according to a bourse statement issued on Thursday.