By: Mohamed Farouk

Mubasher: Noor Financial Investment is expected to register a 34% decline in profits during the first six months of 2019 when compared to the corresponding six months last year, capital market analyst Ahmed Jassim Al Qamr told Mubasher.

The analyst forecasts that Noor Financial would achieve KWD 4.6 million worth of earnings in the first half of 2019 when compared to the KWD 6.64 million profits registered in H1-18.

It is worth noting that during the first quarter of 2019, the Boursa Kuwait-listed company achieved an increase of 2.5% in profits to KWD 2.84 million compared to KWD 2.77 million in the same three months last year.