Mubasher: National Investments Co registered a decline of 31% in profits during the third quarter of 2018 compared to the same period a year ago.
Earnings shrank to KWD 2.99 million ($9.86 million) in Q3-18 from KWD 4.37 million ($14.41 million) in Q3-17, according to a disclosure on Sunday.
From January to September 2018, National Investments posted a drop of 12% in profits to KWD 8.41 million compared to KWD 9.54 million in the same period last year.
In the nine-month period, total revenues decreased by 16% to KWD 14.05 million, while the company’s assets narrowed by 1% to KWD 198.5 million.
At the stock level, National Investments closed Sunday’s session 2.48% higher at 82.5 fils.
