Kuwait – Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) registered a decline of 30% in net profits for the second quarter of 2016.

The Kuwaiti listed firm saw net profits of KWD 1.23 million for Q2-2016, down from KWD 1.76 million for the same period of the previous year.

As for the first half of 2016, HEISCO reported net profits of KWD 3.08 million up by 24.2% from KWD 2.48 million for the similar period of 2015.