Mubasher: Kuwait Building Materials Manufacturing posted a decline of 55.7% in profits during the first quarter of 2017 when compared to the same period of 2016.
The earnings shrank to about KWD 42,030 ($138,010) in Q1-17 from nearly KWD 94,780 ($311,210) in Q1-16, according to a bourse statement issued on Monday.
The net operating profit decreased by 24.3% to about KWD 143,050 in Q1-17 from about KWD 188,900 in Q1-16.
