Integrated Holding’s profit shrinks 27% YoY in Q3-19

Mubasher: Integrated Holding Co. has reported a 26.9% year-on-year profit decline during the third quarter of the fiscal year 2019.

The company’s profit went down to KWD 2.99 million ($9.86 million) in Q3-19, compared to KWD 4.09 million ($13.49 million) in the year-ago period, according to a bourse statement released on Wednesday.

In the first nine months of 2019, Integrated Holding’s profit halved to KWD 7.01 million, from KWD 14.05 million a year earlier.

It is noteworthy that the Boursa Kuwait’s company’s profit dropped to KWD 4.02 million in the first half of 2019, against KWD 9.97 million the year before.

Mubasher Contribution Time: 13-Nov-2019 08:21 (GMT)
Mubasher Last Update Time: 13-Nov-2019 08:21 (GMT)