Mubasher: National Ranges (Mayadeen) suffered a loss of 14.8% during the fourth quarter of 2016, as compared to the same period of 2015.

Losses shrank to KWD 528,000 ($1.73 million) in Q4-16 from KWD 620,000 ($2.03 million) in Q4-15, according to a bourse filing issued on Sunday.

During fiscal year 2016, losses declined 12.6% to total KWD 2.6 million from KWD 2.97 million in FY15.

The board members recommended zero dividends for FY16.