KAMCO Investment Q1 profits shrink 65%

Mubasher: KAMCO Investment registered a decline of 64.6% in profits during the first quarter of 2018 compared to the same period in 2017.

Earnings declined to nearly KWD 101,260 ($336,420) in Q1-18 from around KWD 286,000 ($950,200) in q1-17, according to a bourse statement on Tuesday.

The drop in Q1 profits is attributed to lower profitability from selling assets at fair value.

Mubasher Contribution Time: 15-May-2018 08:52 (GMT)
Mubasher Last Update Time: 15-May-2018 09:34 (GMT)