Mubasher: The financial statements of Sultan Center Food indicated a drop in profits by 10.3% annually in the fiscal year (FY) ended in December 2019, due to a lower share of results from an associate.
The earnings totalled KWD 2.24 million ($7.19 million) last year when compared to KWD 2.5 million ($8.02 million) a year earlier, according to a bourse disclosure on Wednesday.
Over the fourth quarter (Q4), the company turned to a profit of KWD 1.17 million, versus a loss of KWD 2.35 million in the corresponding period in 2018.
