Mubasher: Osos Holding Group Co suffered a loss amounting to KWD 102,817 during the third quarter of 2019, versus profits worth KWD 742,407 in the corresponding quarter in 2018.
Earnings per share (EPS) dropped to 1.03 fils in Q3-19 from 7.42 fils in the corresponding quarter in 2018.
During the period from January to September 2019, Osos Holding’s profit plunged to KWD 983,811 from KWD 1.525 million a year earlier.
The firm attributed the decrease in profits to lower revenues from investments by KWD 635,581 when compared to the corresponding period in 2018.
