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FinancialNews


  • 28-07-19

    Kuwait: Noor Financial profits shrink 66.56 percent

    (MENAFN) Profits of Kuwait's investment management company Noor Financial Investment witnessed a significant 66.56 percent decrease from April to June 2019.

    During the second quarter of this year, the Kuwaiti company stood at USD4.24 million in its profits, down from USD12.73 million.

    Meanwhile, the company posted a 37.68 percent decline in its profits during the first half of the year.

    This drop was explained to be driven by a plunge in gain on partial disposal of associates, and suffering KWD1.45 million losses from suspended operations among other factors.

    MENAFN2807201900450000ID1098814237

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