Mubasher: Tamdeen Investment reported a decline of 5.7% in profits during the first quarter of 2018 compared to the same period in the past year.

Earnings declined to KWD 7.52 million ($25 million) in Q1-18 from KWD 7.97 million ($26.5 million) in Q1-17, according to a bourse statement on Thursday.

The drop in Q1 profits is attributed to a lower share in the results of an associate.