Mubasher: Senergy Holding Company on Sunday reported a 75.1% year-on-year drop in losses for the third quarter of 2018.
Net losses amounted to KWD 106,310 ($350,400) in Q3-18, compared to KWD 427,070 ($1.41 million) in Q3-17, according to a filing to Boursa Kuwait.
For the first nine months of 2018, losses of the Kuwait-based company fell 53% to KWD 426,610, from KWD 907,270 in the same period of the prior year.
The drop in losses was attributed to a decrease in the company’s operating losses by KWD 525,000.
For the first half of 2018, the company incurred losses of KWD 320,300.
By the end of Sunday’s session, Senergy’s stock jumped 9.37% at 28 fils.
