Kuwait - Mubasher: Al Imtiaz Investment Group posted a 50.6% retreat in profits in the second quarter of 2016, registering KWD 1.75 million ($5.8 million) down from KWD 3.5 million ($11.6 million) in the same period last year.
These results are attributed to the decline in profits made from available-for-sale assets, to KWD 1.76 million on 30 June 2016, from KWD 6.51 million on 30 June 2015.
As for the first half of the year, profits also decreased, 41.9% year-on-year, to KWD 4.45 million in H1-16, compared to KWD 7.66 million in the first half of 2015.
