Kuwait-Mubasher: Al Mowasat Health Care posted a 9.3% decline year-on-year in its profits during the second quarter of 2016, according to a bourse statement.

Profits reached KWD 979,140 ($3,220) in Q2-16, compared to KWD 1.08 million ($3.55 million) in Q2-15.

The bank posted a 20.5% rise in its profits to KWD 2.35 million in H1-16, compared to KWD 1.95 million in H2-15.

The H1-16 profit rise is mainly attributed to a decline personnel expenses, provisions for doubtful debts and other expenses.