Mubasher: Burgan Company for Well Drilling, Trading, and Maintenance has reported a 84.6% year-on-year profit decline during the second quarter of the fiscal year 2019/2020.

The company’s profit declined to KWD 149,870 in the three-month period ended 30 September, compared to KWD 973,400 in the year-ago period, according to a bourse statement.

In the first six months of FY19/20, the Boursa Kuwait-listed firm’s profit dropped 66.9% YoY to KWD 622,400.