Mubasher: Kuwait Real Estate Company (KRE) reported a decline in profits by 18.4% during the third quarter (Q3) of the year, as shown by the company’s financial statements.

Profits reached KWD 1.35 million ($4.46 million) in Q3-19, compared with KWD 1.14 million ($3.76 million) for the same period last year, according to the company’s statement to Boursa Kuwait on Wednesday.

In the nine-month period ended 30 September, profits reached KWD 6.77 million, compared with KWD 5.02 million in the corresponding period in 2018.