Kuwait's Global Investment House narrowed its fourth-quarter net loss by almost 40 percent to KD27m ($97.4m), Reuters calculated, as the firm cut operating and interest costs in 2010.
Global, one of Kuwait's biggest investment firms, reported a full-year net loss of KD73.2m in 2010, compared with a net loss of KD148.8m in 2009, it said in a statement.
The fourth-quarter figure compares with a net loss of KD44.6m in the same period in 2009, according to Reuters data.
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