Mubasher: National Petroleum Services (Napesco) posted a decline of 22.2% in profits during the third quarter of 2018, compared to the same period a year ago.

Earnings decreased to KWD 3.09 million ($10.2 million) in Q3-18 from KWD 3.97 million ($13.1 million) in Q3-17, according to a bourse statement on Wednesday.

During the first nine months of 2018, Napesco reported a drop of 2.3% in profits to KWD 8.18 million compared to KWD 8 million in the same period last year.