Al Kout’s profit goes down in H1-19

Mubasher: Al Kout Industrial Projects has reported an 8.3% year-on-year profit decline during the first six months of 2019, recording KWD 3.36 million ($11.06 million).

During the second quarter of 2019, Al Kout’s profit dropped 15.5% to KWD 1.32 million, compared to KWD 1.56 million in the year-ago period.

The Boursa Kuwait-listed company ascribed the decline in its profits to the decrease in sales.

Earlier in September, Boursa Kuwait suspended trading on Al Kout due to the lack of financial statements.

Mubasher Contribution Time: 05-Sep-2019 14:12 (GMT)
Mubasher Last Update Time: 05-Sep-2019 14:12 (GMT)