Kuwait – Mubasher: Housing Finance’s (Iskan) profits for the third quarter of fiscal 2016 declined by 4.3% to KWD 88,360 ($290,150), compared to KWD 92,340 ($303,220) for Q3-15.
Net profit for the first nine months of 2016 dropped by 8.7% to KWD 871,560 from KWD 954,420 for the same period last year, according to a bourse filing released on Tuesday.
Iskan earlier reported a net profit of KWD 783,190 for the first half of 2016, 9.2% down from KWD 862,070 for H1-15.
The stock ended today’s trading with a 1.15% rise to 44 fils as 277,700 shares were exchanged at KWD 12,220.
