Mubasher: United Real Estate reported a decline of 49% in profits during the fourth quarter of 2017 compared to the same period in the prior year.
Earnings decreased to KWD 1.94 million ($6.48 million) in Q4-17 from KWD 3.8 million ($12.7 million) in Q4-16, according to a bourse filing on Thursday.
During FY17, United Real Estate posted a drop of 74.5% in profits to KWD 2.22 million from KWD 8.71 million in the previous fiscal year.
The board members of United Real Estate recommended zero dividends for FY17.
