Kuwait-Mubasher: The Commercial Real Estate Company (Al-Tijaria) posted on Thursday a year-on-year fall of 30% in its profits for the second quarter of fiscal 2016.
Net profit reached KWD 2 million ($6.63 million) in Q2-16, versus KWD 2.86 million ($9.5 million) in Q2-15, according to a bourse filing.
In the first half of fiscal 2016, net profit amounted to KWD 5.36 million, compared to KWD 4.77 million for the same period of 2015.
Al-Tijaria earlier posted a net profit of KWD 3.36 million for Q1-16, 76% up from KWD 1.91 million for Q1-15.
