Kuwait – Mubasher: Soor Fuel Marketing posted a decline of 67.8% in profits during the third quarter of 2016 as compared to the same period a year ago.

Earnings shrank to about KWD 361,220 ($1.19 million) in Q3-16 from KWD 1.12 million ($3.69 million) in Q3-15, according to a bourse statement issued on Monday.

Over the first nine months of 2016, profits fell by 21.1% to KWD 2.81 million from KWD 3.56 million in the same period a year ago.

On the stock level, Soor ended Monday’s trading session at 112 fils after about 18,110 shares were traded at a value of nearly KWD 2,030.