Mubasher: Asiya Capital Investments Company reported a 91.8% decline in profits during the third quarter (Q3) of the year.
The company’s financial statements showed that profits amounted to KWD 18,600 ($61,400) in Q3-19, down from KWD 3227,000 ($749,500) for the same period a year ago.
In the first nine months of the year, profits dropped 94.8% year-on-year (YoY) to KWD 1.13 million, according to a statement to Boursa Kuwait on Wednesday.
The decrease in profits was attributed by the company to the stock markets' weak performance.
Source: Mubasher
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