Kuwait – Mubasher: Al Massaleh Real Estate Company trimmed its losses in the fourth quarter of 2016 by 90.9%, compared to the corresponding period in 2015.
Al Massaleh’s losses amounted to KWD 599,930 ($1.97 million) during Q4-16 compared to KWD 6.55 million ($21.47 million) in Q4-15, according to the company’s financial results.
Annual losses reached KWD 770,930 in 2016, compared to KWD 7.39 million in the year before, showing a drop 89.6%.
