Hilal Cement incurs higher losses in Q3

Kuwait – Mubasher: Hilal Cement posted a 10.5% year-on-year rise in its losses during the third quarter of 2016, according to a bourse statement.

Losses reached KWD 24,370 ($80,380) in Q3-16, compared to KWD 22,050 ($72,730) in Q3-15.

In the first nine months of 2016, the company trimmed its losses by 96.8% to KWD 3,710 from KWD 117,150 in the prior-year period.

Mubasher Contribution Time: 20-Oct-2016 07:01 (GMT)
Mubasher Last Update Time: 20-Oct-2016 07:01 (GMT)