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Ajial Real Estate posts lower profits in Q2

Ajial Real Estate posts lower profits in Q2
A project by Ajial (Photo Credit: Company Website)
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Kuwait – Mubasher: Ajial Real Estate Entertainment registered a fall of 14% in profits during the second quarter of 2016 compared with the same period in 2015.

Earnings shrank to approximately KWD 760,370 ($2.51 million) in Q2-16 from around KWD 884,120 ($2.92 million) in Q2-15, Ajial said in a bourse statement issued Tuesday.

During the first half of 2016, Ajial posted a growth of 13.6% in profits to KWD 1.5 million from KWD 1.32 million in H1-15.