Mubasher: Gulf Glass Manufacturing posted a decline of 64% in net profit during the fourth quarter of 2016 as compared to the same period a year ago.
Earnings shrank to about KWD 14,000 ($45,800) in Q4-16 from KWD 39,000 ($127.56 million) in Q4-15, according to a bourse filing issued on Sunday.
During the fiscal year of 2016, profits declined by 48% to stand at KWD 1.21 million from KWD 2.34 million by the end of FY15.
