Kuwait – Mubasher: Future Kid Entertainment and Real Estate Company on Thursday reported a 0.3% decline in profits for the first quarter of 2017, compared to Q1-16.
Profits stood at KWD 239,420 ($ 785,550) in Q1-17, compared to KWD 240,110 ($ 787,810) in Q1-16, according to a filing to Boursa Kuwait.
Operating profits inched down 0.08% to KWD 436,800 in Q1-17, compared to KWD 437,140 in the same quarter in the year before.
The Kuwait-listed company had previously reported a 21.22% growth in its profit reaching KWD 1.385 million in 2016, compared to KWD 1.143 million in 2015.
The stock on Thursday closed in the red zone at 116 fils, losing 6.45%.
