Mubasher: Equipment Holding posted a decline of 39.3% in losses during the first quarter of 2019 compared to the same three months a year earlier.
Losses shrank to approximately KWD 398,770 ($1.31 million) in Q1-19 from nearly KWD 656,750 ($2.17 million) in Q1-18.
Higher operating costs for Equipment’s coming projects as well as an increase in using equipment in oil projects were behind the losses registered in Q1-19, according to a bourse statement on Thursday.
