Mubasher: Kuwait-based Commercial Real Estate (Al Tijaria) has reported a 1.1% year-on-year profit decline during the third quarter of the fiscal year 2019.
The company’s profit shrank to KWD 3.66 million ($12.07 million) in Q3-19, compared to KWD 3.7 million ($12.21 million) in the year-ago period, according to bourse statement released on Wednesday.
In the first nine months of 2019, Al Tijaria’s profit went down to KWD 9.49 million, from KWD 10.86 million the year before.
It is worth noting that the company’s profit decreased by 18.4% YoY to KWD 5.83 million in the first six months of 2019.
