Kuwait – Mubasher: Boubyan Petrochemical reported a decline of 89% in net profits for the financial period ended 31 July 2016.
The company reported net profits of KWD 419,140 ($1.39 million) in Q1 compared with KWD 3.82 million ($12.63 million) for the same period of the previous year.
The company attributed its profits decline in Q1 to the slowdown of the earnings generated from the assets available for sale.
