National International FY17 profits shrink 45%

Mubasher: National International Holding achieved a profit worth KWD 136,000 ($454,000) in the fourth quarter of 2017 against losses of KWD 338,000 ($1.13 million) in the same period in 2016.

During the fiscal year 2017, earnings decreased by 45.4% to KWD 1.37 million compared to KWD 2.51 million in FY16, according to a bourse statement on Thursday.

National International, which is listed on both Boursa Kuwait and the Dubai Financial Market (DFM), has posted a drop of 56.5% in profits to KWD 1.24 million during the first nine months of 2017 compared to the same period in the prior year.

Mubasher Contribution Time: 15-Feb-2018 10:38 (GMT)
Mubasher Last Update Time: 15-Feb-2018 11:28 (GMT)

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