Mubasher: Ajwan Gulf Real Estate registered an increase of 154.5% in losses during the third quarter of 2018 compared to the same period in the prior year.
Losses deepened to nearly KWD 83,210 ($274,160) in Q3-18 from around KWD 32.690 ($107,710) in Q3-17, according to a bourse statement on Monday.
During the first nine months of 2018, Ajwan incurred a loss of nearly KWD 289,170 compared to around KWD 79,180 in the same period a year ago.
The increase in losses is attributed to higher expenses and other fees.
