Ream Real Estate turns to loss in Q2-19

Mubasher: Ream Real Estate Co. turned to loss during the second quarter of the fiscal year 2019, recording KWD 985,930 ($3.25 million).

During the first six months of 2019, Ream Real Estate’s loss amounted to KWD 969,000, according to a bourse statement released on Wednesday.

In June, the financial statements of Ream Real Estate showed that the company posted a decrease of 89.1% in profits during the first quarter of 2019 compared to the same period last year.

Earnings shrank to about KWD 16,930 ($55,800) in Q1-19 from approximately KWD 155,320 ($512,600) in Q1-18.

Mubasher Contribution Time: 25-Sep-2019 15:54 (GMT)
Mubasher Last Update Time: 25-Sep-2019 15:54 (GMT)