Kuwait Cement in K3 records decline of 56% Kuwait Cement in K3 dropped by 56% KUWAIT CITIES – Kuwait Cement dropped 56% in K3, Kuwait's Cement in K3 fell 56%.
According to the results of the company on Monday, profit for that period reached 1.01 million dinars (3.33 million dollars), compared with profit of 2.27 million dinars ($ 7.49 million). "In the third quarter of 2017, the company made a profit of 7.78 million dinars in the first nine months of this year, compared with a gain of about 12.25 million dinars in the same period last year, which is a decrease of 36.5%. The company said in a statement that the stock exchange, Total profit decreased by 3.29 million KD, Revenues of other activities amounted to 346.4 thousand KD, net investment income decreased by 1.06 million KD, with a decrease in financing costs of 367, 35 thousand KD. The company's profit for the first half of the year amounted to KD 6.77 million, compared with 9.98 million KD for the same period last year. Last year, a decline of 32.2%.
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