Mubasher: KGL Logistics reported a decrease of 18.5% in profits during the third quarter of 2018 compared to the same period in the previous year.
Earnings shrank to KWD 1.5 million ($4.94 million) in Q3-18 from KWD 1.84 million ($6.06 million) in Q3-17, according to a bourse disclosure on Sunday.
During the first nine-month period of 2018, profits decreased by 8% to KWD 5.42 million compared to KWD 5.89 million in the same period a year ago.
The decline in 9M profits is attributed to a decrease in the industrial activity.
