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Investors Holding deepens loss in Q2

Investors Holding deepens loss in Q2
The company’s loss increased by 1.1%
INVESTORS
INVESTORS`R
0.00% 13.50 0.00

Mubasher: Investors Holding Group has reported a 4.1% year-on-year loss increase during the second quarter of 2019, recording KWD 47,510 ($156,500).

During the first six months of the year, the Kuwait-listed company’s loss increased by 1.1% year-on-year to KWD 80,100, according to a bourse statement released on Thursday.

The company attributed the growth of its loss to the increase in the administrative expenses.

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