Kuwait – Mubasher: KAMCO Investment has reported KWD 178,000 ($588,100) in losses during the third quarter (Q3) of the year, versus profits of KWD 636,000 ($2.1 million) for the same period in 2018, as shown by the company’s financial statements.
Meanwhile, profits during the nine-month period ended 30 September 2019 showed declined by 12.1% year-on-year (YoY) to KWD 932,040, compared with KWD 1.06 million for the corresponding period last year, the company said in a statement to Boursa Kuwait on Sunday.
The decreasing profits were attributed to an increase in general, managerial, and financing costs after the recent merger with Global Investment House.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
