Mubasher: National Investments reported a 99.6% year-on-year profit decline during the third quarter of the fiscal year 2019.
The company’s net profit reached KWD 13,000 ($43,000) in Q3-19, compared to KWD 3 million ($9.9 million) in the year-ago period, according to a bourse statement released on Wednesday.
In the first nine months of 2019, National Investments’ profit grew by 10% to KWD 9.25 million, against KWD 8.41 million a year earlier.
The Boursa Kuwait-listed company’s profit surged 70.5% YoY to KWD 9.24 million in the first six months of 2019.
