Kuwait-Mubasher: National Industries Group Holding posted profits worth KWD 386,000 ($1.28 million) in the first quarter of 2016, compared to KWD .92 million ($19.61 million); a decrease of 93.5%, the company said in a bourse statement.
The company, which is listed on both KSE and DFM, clarified that the drop in Q1 earnings resulted from a decline in gross profits and revenues from investments.
National Industries stock ended Thursday’s session rising 1.61% when traded on Kuwait Stock Exchange, while it saw no trades on Dubai Financial Market.
