Mubasher: Asiya Capital Investments Co on Tuesday announced a 93.4% year-on-year decline in losses during the fourth quarter of 2018.
Asiya Capital Investments’s losses trimmed to KWD 39,000 ($128,800) in Q4-18, from KWD 592,000 ($1.96 million) in Q4-17, according to a bourse filing.
From January to December 2018, the firm’s profits skyrocketed 443.6%, logging KWD 1.1 million, compared to KWD 202,340 in 2017.
The firm attributed the positive turn in 2018 financials to the increase of stock value.
