Kuwait - Mubasher: The financial statements of Al Ahleia Insurance showed a decline in profits by 14.5% in the first quarter of 2017 compared to the same period last year.

The company said in a statement to Boursa Kuwait that net profits reached KWD 2.88 million ($9.4 million) in Q1-17 down from KWD 3.37 million ($11 million) in Q1-16.

Operational income also decreased by 39.6%, as it recorded KWD 1.58 million in the three-month period that ended on 31 March 2017, compared to KWD 2.62 million in the same period in 2016.