Global Investment House, the Kuwaiti investment firm currently undergoing its second debt restructuring in three years, saw its first-quarter loss narrow compared to the opening three months of last year, it said in a statement on Wednesday.
The company made a loss of 11 million dinars ($39.3 million) in the three months to March 31, versus a 22 million dinars loss for the same period of 2011, the statement to the Dubai stock exchange said.
The improved performance was helped by a drop in writedowns, with gains on investments recorded at 746,000 dinars versus a 10.6 million dinar loss in Q1 2011.
No comments:
Post a Comment