Ajwan trims Q2 losses by 28% YoY

Mubasher: Ajwan Gulf Real Estate reported a 27.6% year-on-year decrease in losses for the second quarter of 2019.

Losses amounted to KWD 111,110 ($367,230) during the three-month period ended 30 June 2019, versus KWD 153,360 ($506,870) for Q2-18, according to a filing to Boursa Kuwait on Sunday.

In the first half of 2019, the company’s losses fell by 14.6% to KWD 161,550 from KWD 189,150 in H1-18.

It is worth noting that in the first quarter of 2019, Ajwan had incurred losses of KWD 50,440, surging 41% from KWD 35,790 in Q1-18.

Source: Mubasher

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