Kuwaiti Munshaat Real Estate Projects Co. Reports Earnings Results for the Third Quarter and Nine Months Ended September 2014
October 27, 2014 at 05:02 pm EDT
Kuwaiti Munshaat Real Estate Projects Co. reported earnings results for the third quarter and nine months ended September 2014. For the quarter, the company reported a 55% year-on-year drop in its net profit for the third quarter of 2014 to KD 866,077. Earnings per share (EPS) halved to 3 fils from 6 fils. Operating profit fell 28% in annual terms to KD 1.8 million.
From January to end-September period, the company booked a net profit of KD 10.1 million, marking a 50% year-on-year drop. EPS respectively halved to 31 fils from 62 fils. Operating profit climbed 9% in annual terms to KD 13.03 million.