Mubasher: Al Mazaya Holding, listed on Kuwait's and Dubai’s bourses, posted a 0.88% year-on-year decline in its profits during the second quarter of 2017, according to a statement.

Profits reached KWD 2.26 million ($7.46 million) in Q2-17, compared to KWD 2.28 million ($7.53 million) in Q2-16.

In the first half of 2017, profits grew 0.73% to reach KWD 4.17 million from KWD 4.14 million in the prior-year period.

The H1-17 profit rise is mainly attributed to a rise in operating profits resulting from higher rental income, and other operating profits.