Kuwait-Mubasher: Alrai Media Group posted an 18.7% decline in Q1 profits of 2016 as compared to the same period in the previous year.
The company’s Q1 earnings reached KWD 1.35 million ($4.47 million) as compared to KWD 1.66 million ($5.5 million) in Q1-15.
The decrease in Q1 earnings resulted from an overall decline in the advertising market.
On the stock market’s level, Alrai ended Tuesday’s session rising 1.45% to 140 fils, after 18,000 shares were exchanged with a value worth around KWD 2,500.
