Kuwait – Mubasher: Kuwait United Poultry’s profits dropped 81% year-on-year to KWD 171,489 ($565,500) in the third quarter of 2016 from KWD 926,625 ($3 million).
During the first nine months of this year, the company’s profits declined 61.67% to KWD 951,434 compared to KWD 2.5 million in the prior-year period, according to a bourse filing on Sunday.
United Poultry attributed the decrease in profits to lower production and prices and higher mortality rate.
