Coast Investment & Development announced earnings results for third quarter and nine months ended September 2013. For the period, the company reported that it managed to cut its net loss to KD 2.13 million from a net loss of KD 7.8 million a year ago. The company reported a loss per share of 4 fils, versus 14 fils.

For the third quarter of 2013, the company registered a net loss KD 1.05 million, compared with a net loss of KD 2.24 million in the same period last year.