Mubasher: Integrated Holding Co. has reported a 26.9% year-on-year profit decline during the third quarter of the fiscal year 2019.

The company’s profit went down to KWD 2.99 million ($9.86 million) in Q3-19, compared to KWD 4.09 million ($13.49 million) in the year-ago period, according to a bourse statement released on Wednesday.

In the first nine months of 2019, Integrated Holding’s profit halved to KWD 7.01 million, from KWD 14.05 million a year earlier.

It is noteworthy that the Boursa Kuwait’s company’s profit dropped to KWD 4.02 million in the first half of 2019, against KWD 9.97 million the year before.