Kuwait – Mubasher: Bahrain Kuwaiti Insurance Company (BKIC) posted a 52.7% year-on-year decrease in its profits during the second quarter of 2017, according to a bourse statement.

Profits reached KWD 505,840 ($1.68 million) in Q2-17, compared to KWD 1.07 million ($3.55 million) in Q2-16.

In the first half of 2017, profits fell 50.4% to KWD 912,170 from KWD 1.84 million in the prior-year period.

The year-on-year profit decline in H1-17 is mainly attributed to a decrease in technical profits.