Mubasher: Ekttitab Holding reported a decrease of 77% in losses during the second quarter of 2018 compared to the same period in the prior year.

Losses shrank to approximately KWD 100,920 ($333,510) in Q2-18 from nearly KWD 439,230 ($1.45 million) in Q2-17, according to a bourse statement on Monday.

Ekttitab, which is listed on both Boursa Kuwait and the Dubai Financial Market (DFM), incurred a loss of KWD 367,990 in the first half of 2018, 82.4% higher than KWD 201,710 losses in the first six months of 2017.

The company clarified that the increase in H1 losses is attributed to realising losses from investments.

At the stock level, Ekttitab closed Monday’s session 3.1% lower at 25.9 fils.