Mubasher: Investors Holding Group has incurred an increase of 20% in losses during fiscal year 2018 compared to the prior year.

Losses deepened to KWD 156,000 ($514,700) in FY18 from KWD 130,000 ($428,900) in FY17, according to a bourse disclosure on Sunday.

Investors Holding clarified that the increase in annual losses is attributed to a loss from investments.

It is noteworthy that during the first nine months of 2018, Investors Holding posted a decrease of 10.7% in losses to KWD 126,000 from about KWD 141,170 in the same period a year ago.