Mubasher: Kuwait Reinsurance Company reported a decline in profits during the third quarter (Q3) of the year by 5.4% year-on-year (YoY), as shown by the company’s financial results.
Profits during the three-month period amounted to KWD 993,000 ($3.28 million), compared with KWD 1.05 million ($3.47 million) in Q3-18, according to a statement to Boursa Kuwait on Wednesday.
The company achieved profits of KWD 3.87 million in the first nine months of 2019, compared with KWD 2.97 million for the same period last year, recording an increase of 30.3%.
