Kuwait-Mubasher: Housing Finance (Iskan) posted profits worth about KWD 360,900 ($1.2 million) in the first quarter this year, 47.4% lower from nearly KWD 685,700 ($2.27 million) in the same period of 2015, the company said in a statement.
Iskan noted that the decline in Q1 profits resulted from achieving exceptional gains due to a restructuring plan in Q1-15, the statement added.
Iskan stock closed at 30.5 fils by the end of Monday’s session, as 1.28 million shares were traded at a value of about KWD 39,800.
