Mubasher: Osoul Investment reported a 61.3% drop in profits in the third quarter (Q3) of the year, according to a bourse filing.

Quarterly profits amounted to KWD 147,600 ($486,760) in Q3-19, down from KWD 381,440 ($1.26 million) in Q3-18.

As for the first nine months of the year, profits rose by 79.4% to KWD 1.6 million, up from KWD 892,000 in the corresponding period last year. This was attributed by the company to revenues from financial investments, murabaha, deposits, and portfolios, as well as from rent.