Abu Dhabi-Mubasher: Al Khaleej Investment Co. (KICO) reported a 48% profit decline to AED 9.36 million ($2.6 million) in the first nine months of 2015, compared to AED 17.63 million ($4.8 million) in the same period of 2014, according to a bourse filing on Sunday.
Profits dropped 58% to AED 1.91 million in Q3-15 from AED 4.96 million in Q3-14.
On the flipside, revenues jumped 46% to AED 18.10 million in the nine-month period compared to AED 12.4 million.
The company previously reported a sharp decline of 43% in its net profits for the first six months of 2014 to AED 7.4 million ($2 million), compared to AED 13.5 million ($3.7 million) in the same period the year before.
