Kuwait – Mubasher: National Ranges Company (Mayadeen) reported a decline of 18.2% in losses during the first quarter of 2017 as compared to the same period of the prior year.

Losses shrank to nearly KWD 642,620 ($2.11 million) in Q1-17 from about KWD 785,610 ($2.58 million) in Q1-16, according to a bourse statement issued on Wednesday.

The decrease in Q1 losses is attributed to higher operating revenues and lower expenses.

Boursa Kuwait has resumed trading on Mayadeen’s stock.