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National International records lower profit in 9M/19

National International records lower profit in 9M/19
Operating profit decreased to KWD 1.54m in 9M
NIH
NIH
2.24% 59.30 1.30

Mubasher: National International Holding Company reported a 3.86% year-on-year profit decline during the first nine months of 2019.

From January to September 2019, the Kuwait- and Dubai-listed company’s profit levelled down to KWD 1.36 million, compared to KWD 1.41 million in the year-ago period, according to a bourse statement.

National International’s operating profit decreased by 4.38% YoY to KWD 1.54 million in the January-September period.

It is worth highlighting the company reported a net profit of KWD 1.27 million in the first half of 2019.