Mubasher: Livestock Transport and Trading reported a drop of 75.9% in profits during the first quarter of 2018 compared to the same period in the prior year.
Earnings shrank to about KWD 349,900 ($1.16 million) in Q1-18 from KWD 1.45 million ($4.81 million) in Q1-17, according to a bourse statement on Thursday.
The drop in Q1 profits is attributed to the higher cost of purchasing livestock due to market fluctuation.
