Mubasher: The financial statements of Aayan Leasing and Investment turned to profits during the second quarter of the current year when compared to the corresponding period in 2018.
Aayan’s profits amounted to nearly KWD 367,000 ($1.21 million) in the second quarter of 2019, against losses of about KWD 253,800 ($836,910) in Q2-18, according to a statement to Boursa Kuwait on Thursday.
During the first half of 2019, Aayan suffered losses of KWD 2.69 million, versus profits of approximately KWD 227,280 during the H1-18.
Aayan said that turning to losses during the semi-annual results was ascribed to a decline in the share of the results of an associate.
As for the first quarter of 2019, Aayan turned to losses with KWD 3.06 million, against profits of nearly KWD 481,080 in the corresponding period a year earlier.
