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Alrai profits exceed 9% fall

Alrai profits exceed 9% fall
Photo Credit: Arabianeye-Reuters
ALRAI
ALRAI
-8.93% 25.50 -2.50

 

Kuwait – Mubasher: Profits for Alrai retreated in FY14 by 9.5% to KWD 5.05 million against KWD 5.58 million during FY13.

The Company’s profits for the fourth quarter for 2014, fell 0.98% to KWD 1.35 million against KWD 1.37 million during the corresponding period in 2013.

Alrai attributed this profit decline to a general decline in the print-advertisement market.