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Sanam Real Estate’s losses shrink 60% in Q1

Sanam Real Estate’s losses shrink 60% in Q1
Losses shrank to about KWD 30,750 ($102,240) in Q1-18
SANAM
SANAM`R
2.36% 217.00 5.00

Mubasher: Sanam Real Estate reported a decline of 60% in losses during the first quarter of 2018 compared to the same quarter in the previous year.

Losses shrank to about KWD 30,750 ($102,240) in Q1-18 from nearly KWD 76,940 ($255,830) in Q1-17, according to a bourse statement on Sunday.

The decline in Q1 losses is attributed to an improvement registered in Sanam’s investment portfolio.