Kuwait – Mubasher: Aqar Real Estate Investments reported a decline of 56.3% in net profits for the third quarter of 2016.

The Kuwaiti firm posted net profits of KWD368, 820 ($1.21 million) for Q3-2016, down from KWD843, 900 ($2.78 million) for the same period of the preceding year.

As for the first nine months of 2016, the company reported net profits of KWD923, 220 compared with KWD1.72 million for the same period of the preceding year, down by 46.3%.