Kuwait – Mubasher: Acico Industries on Tuesday posted a 35.8% year-on-year drop in profits for the second quarter of 2017, according to a bourse filing.
The Kuwait-listed company achieved profits of KWD 745,000 ($2.46 million) in Q2-17, versus KWD 1.16 million ($3.83 million) in Q2-16.
In the first half of 2017, the firm's profits shed 7.8% to KWD 4.62 million against KWD 5.01 million in H1-16.
The profits of the Kuwaiti company inched up 0.78% to KWD 3.88 million in Q1-17 from KWD 3.85 million in Q1-16.
By the end of Tuesday’s trading, Acico’s stock stabilised at 270 fils, with a traded volume of 250 shares and a turnover of KWD 67.5 exchanged through only one transaction.
