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Manafae Q1 profits retreat 69.7%

Manafae Q1 profits retreat 69.7%
Photo Credit: Arabianeye-Reuters
Manafae
MANAFAE`R
5.00% 64.00 3.00

Manafae Holding registered a plunge of 69.7% in its earnings of the first quarter of 2015.

The company posted a net profit of about KWD 3,600 ($11,900) in Q1-15, compared to around KWD 11,900 ($39,400) in Q1-14.

The earning per share fell to 0.02 fils in Q1-15 from 0.06 fils in Q1-14.

Manafae’s Q4-14 losses totaled KWD 214,880 compared to KWD 238,370 in Q4-13.