Kuwait – Mubasher: Al Mazaya Holding's profits for the second quarter of 2016 declined by 4.2% year-over-year to KWD 2.28 million ($7.53 million) from KWD 2.38 million ($7.86 million), according to a bourse filing.

On a six-month basis, the company earned KWD 4.14 million in the first half (H1), up 1.2% from KWD 4.09 million for the year-ago period.

In the first six months as well, operating income rose by 17.2% year-on-year to KWD 25.67 million from KWD 21.9 million.

Over the first three months, its earnings increased by 8.1% year-over-year to KWD 1.86 million from KWD 1.72 million.