Kuwait-Mubasher: Sanam Real Estate reported an 82.4% plunge in profits to KWD 24,650 ($81,400) in the first half of 2015, compared to KWD 137,740 ($455,000) in the same period of 2014, according to a filing to the Kuwait Stock Exchange on Sunday.

Financials showed a decline in Sanam’s earnings per share to 0.20 fils in H1-15 from 1.14 fils in H1-14.

The company previously reported losses of KWD 111,400 ($368,800) in Q1-15, compared to KWD 22,150 ($73,300) in the same quarter of 2014.