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Kuwait’s Mashaer 9M profits fall 68.7%

Kuwait’s Mashaer 9M profits fall 68.7%
Photo Credit: Arabianeye-Reuters
MASHAER
MASHAER`R
30.16% 104.00 24.10

Kuwait-Mubasher: Mashaer Holding reported about KWD 350,860 ($1.15 million) profits in the nine months ended 30 September, compared to KWD 1.12 million ($3.68 million) in the same period of the previous year, a plunge of 68.7%.

Mashaer, a Kuwait-based Hajj and Umrah services provider, saw its earnings in the first half dropping 79% to KWD 120,000 from KWD 566,000 in H1-14.