Kuwait- Mubasher: Umm Al Qaiwain General Investments Co., listed on Abu Dhabi and Kuwait’s bourses, reported a 52.2% decline in its second-quarter profits, according to a bourse statement.

Profits amounted to KWD 244,430 ($808,110) in Q2-16, compared to KWD 511,750 ($1.69 million) in Q2-15.

The company generated profits of KWD 2.07 million in H1-16, a growth of 225.3% from KWD 636,400 in H1-15.