Mubasher: Al Mudon International Real Estate reported a 42% year-on-year loss decline during the second quarter of 2019, recording KWD 12,180 ($40,052).

In the first six months of 2019, Al Mudon’s profit declined by 16% to KWD 30,380, compared to KWD 35,960 in the year-ago period.

The Boursa Kuwait-listed developer’s assets went down by 3% to KWD 13.75 million in H1-19, from KWD 14.21 million the year before.