Kuwait – Mubasher: Kuwait Resorts (Muntazahat) posted a drop of 19.6% in profits to about KWD 553,900 ($1.8 million) in the first quarter of 2017 from nearly KWD 688,500 ($2.3 million) in the same period a year ago.
The company’s operating profit shrank by 31.3% to around KWD 487,700 in Q1-17 from nearly KWD 709,600 in Q1-16, according to a bourse filing issued on Thursday.
