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Kuwait’s Alaqaria sees 82% drop in 9M profits

Kuwait’s Alaqaria sees 82% drop in 9M profits
Photo Credit: Arabianeye-Reuters
ALAQARIA
ALAQARIA`R
69.08% 60.70 24.80

Kuwait-Mubasher: The nine-month period financials of Kuwait Real Estate Holding (Alaqaria) showed 82% plunge in earnings to about KWD 38,440 as compared to nearly KWD 212,620 in the same period of 2014.

The decrease in profits is due to a decline in gains from investments available for sale as compared to the previous year.