Mubasher: Sanam Real Estate suffered an increase of 101.1% in losses during the second quarter of 2018 compared to the same period last year.
Losses deepened to about KWD 116,820 ($386,830) in Q2-18, from nearly KWD 58,100 ($192,390) in Q2-17, according to a bourse statement on Wednesday.
During the first half of 2018, Sanam Real Estate incurred a loss of about KWD 147,570 which is 9.3% higher than around KWD 135,040 in the same six months of 2017.
Sanam noted that the increase in losses is linked to Sanam’s investment portfolio.
