Kuwait – Mubasher: Palms Agro Production reported on Sunday a net profit of KWD 94,030 ($309,400) for the third quarter of fiscal 2016, 11.7% down from KWD 106,450 ($350,300) for Q3-15.
Net profit for the first nine months of 2016 declined 27.9% to KWD 427,480 from KWD 592,790 for the same period of 2015, according to a bourse filing.
The company earlier posted a net profit of KWD 333,460 for the first half of 2016, 31.4% down from KWD 486,340 for H1-15.
