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.