Kuwait – Mubasher: Acico Industries (ACICO) reported a 39.5% decline in the second quarter’s net profit, according to a bourse filing.

The company registered KWD 1.15 million ($3.8 million) net profits in Q2, compared with KWD 1.9 million ($6.29 million) for the year-ago period.

Over the first six months, the company earned KWD 5 million, down 14.3% year-on-year from KWD 5.8 million.

In the first quarter, the company earned KWD 3.85 million, compared with KWD 3.95 million for Q1-15.