Mubasher: Inovest reported a plummet of 64.6% in profits during the first quarter of 2018 compared to the same period in the previous year.

Inovest, which is listed on both Boursa Kuwait and Bahrain Bourse, posted $2.9 million profits in Q1-18 compared to $8.2 million in the same month a year ago, according to a bourse statement on Wednesday.

Earnings per share (EPS) in Q1-18 stood at $1.06 compared to $2.87 in Q1-17.