Mubasher: Kuwait National Cinema posted a decline of 20.1% in profits during the first quarter of 2018 compared to the same period in the previous year.
Earnings decreased to KWD 2.58 million ($8.57 million) in Q1-18 from KWD 3.23 million ($10.73 million) in Q1-17, according to a bourse statement on Wednesday.
The drop in Q1 profits is attributed to lower revenues by 15%, a drop of 52% in net financial investment income, and higher financing interest by 24%.
At the stock level, National Cinema closed Wednesday’s session 6% higher at KWD 1.07.
