Kuwait National Cinema Q3 profits up 30%

Profits totalled $10.17mln in the third quarter of 2019

Image used for illustrative purpose. Empty Seats In Auditorium.

Image used for illustrative purpose. Empty Seats In Auditorium.

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Kuwait National Cinema reported a 30% year-on-year (YoY) rise in profits during the third quarter (Q3) of the year, according to the company’s financial statements.

Profits totalled KWD 3.08 million ($10.17 million) in Q3-19, compared with KWD 2.37 million ($7.83 million) in the same period a year ago.

As for the nine-month period ended 30 September 2019, profits grew by 1.8% to KWD 7.166 million, compared to about KWD 7.040 million in the same period in 2018.

Source: Mubasher

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