Kuwait – Mubasher: Amwal International Investment reported net losses of KWD 143,540 million ($474.940) in the second quarter of 2016, against profits of KWD 208.55 million ($690,040) for the same period of the previous year.
The company’s profits for the first half of 2016 went down by 79.97% to KWD 49,360 from KWD 246,390 a year earlier.
Amwal net profits surged 409.78% in the first quarter of 2016, reaching KWD 192.9 million.
