Mubasher: Commercial Facilities reported a decline of 16.6% in profits during the second quarter of 2018 compared to the same period last year.

Earnings shrank to KWD 1.81 million ($6 million) in Q2-18 from KWD 2.17 million ($7.2 million) in Q2-17, according to a bourse statement on Tuesday.

During the first half of 2018, profits increased by 2.1% to KWD 4.45 million compared to KWD 4.36 million in the same half last year.

Commercial Facilities clarified that the incline in H1 profits is attributed to higher operating and investment income.