Kuwait-Mubasher: Afaq Educational Services posted a decline of 19% in profits of the third quarter ended 31 May, 2016 as compared to the same period of 2015.
The company’s earnings decreased to KWD around 228,710 ($756,090) in Q3 ended 31 May, 2016 from nearly KWD 282,460 ($933,780) in the same period of 2015, according to a bourse statement issued Wednesday.
During the nine months ended 31 May, 2016, Afaq posted about KWD 730,890 profits, 21.9% lower from approximately KWD 935,520 in the nine months ended 31 May, 2015.
