Kuwait – Mubasher: Privatization Holding announced Sunday a drop in its nine-month profit for this year by 60%, compared to the same period last year.

The Kuwait listed company’s financial statements showed a profit of KWD 1.71 million ($5.62 million) in the first nine months of 2015, down from KWD 4.25 million ($13.97 million) in the same period year ago.

Privatization earlier posted a profit of about KWD 1 million ($3.3 million) in H1-15, versus KWD 2.69 million ($8.86 million) in the same period last year.