Kuwait-Mubasher: National Petroleum Services (Napesco) posted a year-on-year decline of 33.3% in profits of the first quarter in 2016, according to a statement.
Napesco’s earnings reached KWD 1.4 million ($4.64 million) in Q1-16, down from KWD 2.1 million ($6.95 million) in Q1-15.
On the exchange, the stock dropped 6.85% or 50 fils to close at 680 fils by the end of Thursday’s session, after 340 shares were exchanged, with a value of KWD 231.
