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Aayan Leasing’s Q2 profits fall 93%

Aayan Leasing’s Q2 profits fall 93%
Earnings reached about KWD 218,000 (Photo Credit: Arabianeye-Reuters)
AAYAN
AAYAN
-1.62% 182.00 -3.00

Kuwait Mubasher: Aayan Leasing and Investment posted a 93% decline in profits during the second quarter of 2016 as compared to the same period of 2015.

Earnings reached about KWD 218,000 ($723,500) in Q2-16 versus KWD 3.09 million ($10.2 million) in Q2-15, according to a bourse statement.

During the first half this year, profits reached nearly KWD 724,900, down 87% from KWD 5.4 million in the corresponding period in the past year.