Mubasher: The dual-listed Al Mazaya Holding reported a decrease of 25.2% in profits during the first three months of 2019 compared to the same period a year ago.
Profits narrowed to KWD 1.01 million ($3.33 million) in Q1-19 from KWD 1.35 million ($4.45 million in Q1-18, according to a bourse statement on Tuesday.
Al Mazaya, listed on both Boursa Kuwait and the Dubai Financial Market (DFM), noted that the drop in Q1 profits is attributed to a decline in the company’s share from the results of a joint stock company.
