Mubasher: Al Mazaya Holding, listed on Boursa Kuwait and the Dubai Financial Market (DFM), incurred KWD 5.27 million net losses attributable to the shareholders of the parent company in the first nine months of 2020, up from KWD 3.91 million in the same period of 2019.

The company's revenues increased to KWD 16.51 million in the January-September period of 2020, compared to KWD 13.31 million in the year-ago period, according to the company's unaudited consolidated financial results for the period ended on 30 September 2020.

The basic loss per share stood at 8.39 fils during the first nine months of 2020, against 6.23 fils in the year-ago period.

The diluted loss per share settled at 8.38 fils in the January-September period of 2020, compared to 6.21 fils in the same period of 2019.

During the third quarter (Q3) of 2020, the company's net losses declined to KWD 317,142 from KWD 5.03 million during the corresponding quarter of 2019.

It is noteworthy to mention that during the first half (H1) of 2020, the company saw KWD 4.95 million net losses attributable to the shareholders of the parent company, against net profits of KWD 1.21 million in the same period of 2019.