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Sultan Center’s earnings down 10% in 2019

Sultan Center’s earnings down 10% in 2019
The earnings totalled KWD 2.24 million in 2019
SULTAN
SULTAN
5.58% 104.00 5.50

Mubasher: The financial statements of Sultan Center Food indicated a drop in profits by 10.3% annually in the fiscal year (FY) ended in December 2019, due to a lower share of results from an associate.

The earnings totalled KWD 2.24 million ($7.19 million) last year when compared to KWD 2.5 million ($8.02 million) a year earlier, according to a bourse disclosure on Wednesday.

Over the fourth quarter (Q4), the company turned to a profit of KWD 1.17 million, versus a loss of KWD 2.35 million in the corresponding period in 2018.