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Privatization Holding’s Q2 profits fall 19.6%

Privatization Holding’s Q2 profits fall 19.6%
Earnings narrowed to about KWD 772,850 ($2.6 million) in Q2-16 (Photo Credit: Arabianeye-Reuters)
KPPC
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28.27% 66.70 14.70

Kuwait – Mubasher: Privatization Holding posted a decline of 19.6% in the second half of 2016 as compared to the corresponding period a year ago.

Earnings narrowed to about KWD 772,850 ($2.6 million) in Q2-16 from nearly KWD 961,730 ($3.2 million) in Q2-15, according to a bourse filing.

During the first half of 2016, losses reached about KWD 707,450 versus KWD 1 million in H1-15.