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Hayat Communications profits down 12% in Q2

Hayat Communications profits down 12% in Q2
The company's net profits reached KWD 17,390 ($57,700) in Q2-16- (Photo archive)
DIGITUS
DIGITUS`R
972.30% 1,053.00 954.80

Kuwait – Mubasher: Hayat Communications on Tuesday reported a 12% decrease in its net profits for the second quarter of 2016.

The company's net profits reached KWD 17,390 ($57,700) in Q2-16 from KWD 19,779 ($65,400) in Q2-15.

The Kuwaiti-listed company's losses retreated 33% to KWD 69,500 in the six-month period from KWD 103,600 in the year-ago period.