Kuwait – Mubasher: Al Aman Investment posted KWD 341,000 ($1.12 million) profits in the fourth quarter of 2016 against KWD 179,000 ($586,410) in the year-ago period.
The company's profits declined 79% to KWD 310,000 in 2016 from KWD 1.47 million in 2015, according to a bourse filing on Sunday.
The drop in profits was attributed to lower realised investments' income by KWD 2.5 million and higher management fees by KWD 390,000.
