Kuwait – Mubasher: International Resorts’ net profits for the second quarter declined 21.09% year-on-year to KWD 235,540 ($780,200) from KWD 298,500 ($988,700), according to a bourse filing.

Over the first half, the company logged KWD 539,180 losses, lower 2.8% from KWD 554,710 for the year-ago period.

In the first quarter, the company lost KWD 303,640, compared with 256,210 Q1-15.