Mubasher: Alargan International Real Estate has reported a 51.7% year-on-year profit decrease during the third quarter of the fiscal year 2019.
The company’s profit dropped to KWD 57,460 ($189,560) in Q3-19, compared to KWD 118,990 ($392,550) in the year-ago period, according to a bourse statement released on Wednesday.
In the first nine months of 2019, Alargan’s profit levelled down by 32.9% YoY to KWD 124,040.
It is noteworthy that the Boursa Kuwait-listed company’s profit rose by 1% YoY to KWD 66,570 in the first half of 2019.
