Mubasher: Aayan Leasing and Investment reported a decline of 55.4% in profits during the third quarter of 2018, compared to the same period a year ago.

Earnings decreased to about KWD 994,000 ($3.28 million) in Q3-18 from KWD 2.23 million ($7.35 million) in Q3-17, according to a bourse statement on Monday.

From January to September 2018, Aayan Leasing posted a decrease of 82.3% in profits to KWD 1.22 million from KWD 6.9 million in the corresponding period last year.

It is noteworthy that in the first six months of 2018, Aayan Leasing posted a plunge of 95.1% in profits to approximately KWD 227,280 from KWD 4.67 million in the same half in 2017.