Kuwait – Mubasher: Securities Group ‘s profits for the first quarter of the fiscal year 2016 dropped by 61.1% to KWD 559,950 ($1.86 million), compared to KWD 1.44 million ($4.77 million) for Q1-15.
The fall was a result of the decrease in financial assets and foreign exchange losses to KWD 530,300 and KWD 225,510 respectively.
The group earlier reported a net loss of KWD 6.77 million for Q4-15, ended on March 2016, versus a net profit of KWD 575,190 for Q4-14.
