Kuwait Cable Vision losses shrink 60% in Q2

Mubasher: Kuwait Cable Vision registered a drop of 60.4% in losses during the second quarter of 2018 compared to the same period in the previous year.

Losses declined to nearly KWD 20,140 ($66,670) in Q2-18 from approximately KWD 50,890 ($168,450) in Q2-17, according to a bourse statement on Thursday.

During the first six months of 2018, Kuwait Cable Vision posted a decline of 62.9% in losses to around KWD 43,030 from nearly KWD 115,850 in the same half a year ago.

The decrease in losses is attributed to the market’s current conditions which led to lower revenues.

Mubasher Contribution Time: 12-Jul-2018 07:25 (GMT)
Mubasher Last Update Time: 12-Jul-2018 07:25 (GMT)