Global Investment House '09 loss narrows

15 March 2010

Kuwait's Global Investment House, which is restructuring $1.73bn in debt, has said its full-year net loss had narrowed to KD148.8m ($516.7m), from KD257.6m in 2008, Bloomberg has reported. Global made KD35.2m of impairment provisions last year, compared with KD153m in 2008, it said in a statement.

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