Kuwait – Mubasher: Aayan Real Estate posted a 2.7% decline in profits for the second quarter in 2016 as compared to the same quarter in 2015.
Earnings decreased to about KWD 193,420 ($638,350) in Q2-16 from around KWD 198,780 ($656,040) in Q2-15, according to a bourse filing.
During the first half of 2016, profits reached about KWD 396,260 compared with nearly KWD 413,970 in H1-15; a drop of 4.3%.
The decrease in profits was due to lower revenues from real estate investments, the statement said.
