Mubasher: Mezzan Holding Company reported a 10.5% decline in profits for the third quarter of 2017, according to a bourse filing.

Quarterly financial statements showed that profits totalled KWD 2.8 million ($9.27 million) in Q3-17, compared to KWD 3.13 million ($10.36 million) for Q4-16, as per the company’s statement to Boursa Kuwait on Wednesday.

As for the nine months of the year, profits decreased by 23.1% and reached KWD 10.1 million, compared to KWD 13.14 million in the same period in 2016.

Revenues grow 4.3% in Q3-17 to KWD 49.8 million, amounting to KWD 157.6 million in the nine-month period ended 30 September 2017, levelling up 0.9% year-on-year.