Mubasher: Mezzan Holding Co reported a decrease of 56.3% in profits during the third quarter of 2018 compared to the same period a year ago.

Earnings shrank to KWD 1.21 million ($3.9 million) in Q3-18 from KWD 2.78 million ($9.2 million) in Q3-17, according to a bourse statement on Thursday.

Mezzan posted a decline of 20.5% in profits to KWD 8.05 million during the first nine months of 2018 from KWD 10.12 million in the corresponding period last year.

At the stock level, Mezzan closed Thursday’s session 0.16% lower at 620 fils.