Kuwait – Mubasher: Senergy Holding on Sunday posted a 36% year-on-year rise in losses for the second quarter of 2017, according to a bourse filing.

Net losses amounted to KWD 273,040 ($902,500) in Q2-17, compared to KWD 200,750 ($663,500) in Q2-16.

In the first half of 2017, the firm’s losses rose 12.8% to KWD 480,240 from KWD 425,950 in H1-16.

The company attributed the surge in losses to lower operating revenue.

Senergy Holding’s losses had previously went up by 8% to KWD 207,200 in Q1-17, versus KWD 225,200 in Q1-16.