Mubasher: Jiyad Holding Co posted a 58% year-on-year profit decline during the third quarter of the fiscal year 2019.

The company’s profit dropped to KWD 53,760 in Q3-19, compared to KWD 127,200 in the year-ago period, according to a bourse statement released on Thursday.

In the first nine months of 2019, Jiyad’s profit reached KWD 657,790, 36% YoY down from the year before.

It is worth noting that the Boursa Kuwait-listed company’s profit surged 131.9% YoY to KWD 420,030 in the first half of 2019.