Kuwait – Mubasher: Gulf Glass Manufacturing (GGMC) reported a decline in its net profits by 53.2% in its profits during the third quarter of 2016, according to a bourse filing.

Net profits stood at KWD 262,340 ($862,960) in Q3-16, compared to KWD 560,260 ($1.84 million) in Q3-15.

The company generated profits of KWD 1.2 million in the first nine months of 2016, compared to KWD 1.95 million in the same period of 2015.