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Bahrain Kuwaiti Insurance sees lower Q3 profits

Bahrain Kuwaiti Insurance sees lower Q3 profits
The company earned KWD 276,666 ($912,340) in Q3 - Photo Credit: Reuters
BKIC
BKIC
5.56% 0.38 0.02

Kuwait – Mubasher: Bahrain Kuwaiti Insurance earned KWD 276,666 ($912,340) in the third quarter of 2016, lower 20% year-on-year from KWD 344,910 ($1.13 million), according to a bourse filing.

Over the first nine months, net profits grew 20% year-over-year to KWD 2.1 million from KWD 1.75 million.

In the first half, the company registered KWD 2.29 million profits, compared with KWD 1.76 million profits for the year-ago period.