Mubasher: KGL Logistics has reported a 28.9% year-on-year profit decline during the third quarter of the fiscal year 2019.
The company’s profit went down to KWD 1.07 million ($3.53 million) in Q3-19, compared to KWD 1.5 million ($4.95 million) in the year-ago period, according to a bourse statement released on Tuesday.
In the first nine months of the fiscal year 2019, the Boursa Kuwait-listed firm’s profit decreased to KWD 4.18 million, from KWD 5.42 million the year before.
It is worth highlighting that KGL Logistics’ profits stood at KWS 3.11 million in the first half of 2019, down 20.7% from KWD 3.92 million in H1-18.
