By: Mohammad Farouk
Mubasher: Integrated Holding Company’s profit is expected to drop 62.3% year-on-year during the first nine months of 2019, capital market analyst Mohamad Manea Al Ajami commented.
The Boursa Kuwait-listed company’s profit may reach KWD 5.3 million the first nine months of the year, compared to KWD 14.05 million a year earlier, El-Agamy added.
Integrated Holding Co. reported a 79.6% year-on-year decrease in profits during the second quarter of 2019, registering KWD 1.02 million ($3.36 million).
During the first half of 2019, the firm’s profits fell by 59.7% YoY to KWD 4.02 million from KWD 9.97 million during the 1H-18.
Translated by: Muhammad Abdul-Wakeel
