Kuwait – Mubasher: Al Ahleia Insurance Company’s earnings declined in the first quarter of fiscal 2016 by 1.1% year-on-year.
Net profit reached KWD 3.37 million ($11.18 million) in Q1-16, versus KWD 3.41 million ($11.31 million) in Q1-15, according to a bourse filing.
The company attributed the fall in profit to the slight increase in expenses.
The stock closed Tuesday’s session with a rise of 2% to 465 fils.
