Kuwait – Mubasher: Commercial Facilities' profits declined 45% year-on-year to KWD 1.5 million ($5 million) in the second quarter of 2016 from KWD 2.75 million ($9 million).
The decrease in profits was attributed to additional provisions, according to a bourse filing on Tuesday.
The company's profits fell 28% to KWD 3.126 million in H1-16 from KWD 4.358 million in H1-15.
