Mubasher: Net losses of Senergy Holding Company amounted to KWD 4.7 million in fiscal year (FY) 2019, 793% more than KWD 534,690 in the previous year.
The increased losses are attributed to net impairment losses of goodwill and other provisions by KWD 3.7 million, according to a statement to Boursa Kuwait on Sunday.
During the fourth quarter (Q4) of last year, the losses reached KWD 4.1 million when compared to 108,076 in the corresponding period in 2018, up by 3,744%.
It is noteworthy that in the first nine months of 2019, losses rose by 45% to KWD 816,660, compared with KWD 426,600 in the same period in 2018.
