Kuwait – Mubasher: Alrai Media Group reported on Monday a net profit of KWD 1,280 ($4,220) for the third quarter of fiscal 2016, 99.8% down from KWD 971,520 ($3.2 million) for Q3-15.
Net profit for the first nine months of 2016 declined 37.7% to KWD 2.94 million from KWD 4.72 million for the same period of 2015, according to a bourse filing.
The company earlier posted a net profit of KWD 2.94 million for the first half of 2016, 21.6% down from KWD 3.75 million for H1-15.
