Munshaat sustains KD 8.87 mln loss in 9 months

04/11/2010 00:00 AST

Munshaat Real Estate Projects Company recorded losses worth KD 8.87 million during the nine months that ended on September 30, 2010 with a decrease of 28 fils compared to a gain of KD 1.48 million and 5 fils per share in the same period last year.

The total equity amounted to KD 50 million for the nine months, which ended on September 30, 2010 compared to KD 1.5 million for the same period last year, the company said in a statement posted on the Kuwait Stock Exchange (KSE) website.

The total assets hit KD 226 million, while total liabilities amounted to KD 174.5 million for the nine months compared to KD 173.4 million in the same period last year, it added.


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