Kuwait-Mubasher: Aayan Real Estate reported a 5.7% decrease in profits for the first quarter as compared to the corresponding period in 2015, according to an issued statement.
The KSE-listed firm posted around KWD 202,900 ($673,500) profits in Q1-16, compared to nearly KWD 215,200 ($714,300) in Q1-15.
Low income from the real estate activity affected the quarterly profits negatively, the company said.
On KSE, Aayan ended Monday’s trading session at 69 fils, after about 246,200 shares were traded with a value of approximately KWD 16,950.
