Livestock Transport Q3 financials turn to losses

Mubasher: Livestock Transport and Trading incurred a loss of KWD 1.94 million ($6.4 million) in the third quarter of 2018 against profits worth KWD 370,000 ($1.22 million) in the same period last year.

During the first nine months of 2018, Livestock Transport suffered losses valued at KWD 1.93 million versus a profit of KWD 2.47 million in the same period a year ago, according to a bourse disclosure on Wednesday.

The negative turn in Q3 financials is attributed to higher operating expenses.

Mubasher Contribution Time: 07-Nov-2018 07:42 (GMT)
Mubasher Last Update Time: 07-Nov-2018 07:42 (GMT)