Mubasher: Automated Systems reported a drop of 41.3% in profits during the fourth quarter of 2016, compared to the same period a year ago.
Earnings shrank to KWD 333,000 ($1.09 million) in Q4-16 from KWD 567,000 ($1.85 million) in Q4-15.
During fiscal year 2016, profits grew by 22.8% to KWD 1.67 million from KWD 1.36 million in FY15, the statement added.
At the stock level, Automated Systems ended Thursday 4.92% higher with 320 fils.
