Saturday, 24 August 2019 05:47 GMT
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31.6 percent decline in Kuwait's Aqar profits




(MENAFN) Profits of Kuwait-based Aqar Real Estate Investments were struck with a 31.6 percent decline from April to June 2019, reaching USD1.02 million.

Aqar Real Estate Investments explained that this shrink comes in comparison to its USD1.49 million profit during the second quarter of 2018.

Meanwhile, the Kuwaiti company registered an 11.5 percent drop in its profits during the first half of this year on annual basis.

It further explained that this decrease is attributed to current profit retreat to the same period last year when profits were realized from selling an investment property.

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31.6 percent decline in Kuwait's Aqar profits

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