Mubasher: Arkan Al Kuwait Real Estate reported a decrease of 5% during the first quarter that ended on 31 January 2019 compared to the same period a year ago.

Earnings went down to nearly KWD 304,520 ($1 million) in Q1 ended on 31 January 2019 from about KWD 321,230 ($1.05 million) in the same quarter in 2018, according to a bourse statement on Tuesday.

The decline in Q1 profits is attributed to lower revenue from leasing real estate assets.