Kuwait – Mubasher: Kuwait United Poultry posted a 75.4% drop in profits to about KWD 188,040 ($622,710) in the second quarter of 2016 as compared to nearly KWD 764,860 ($2.53 million in the same period of 2015.
During the first half this year, earnings reached about KWD 779,950 as compared to KWD 1.56 million in H1-15; a plunge of 50%, according to a bourse filing.
United Poultry’s stock reached 176 fils by the first hour of Wednesday’s trading session, after one transactions was executed by 10,000 shares at a value of about KWD 1,800.
