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Operating revenues affect Muntazahat’s Q1 profits

Operating revenues affect Muntazahat’s Q1 profits
Muntazahat's operating revenues decreased 10.5% (Photo Credit: Arabianeye-Reuters)
MUNTAZAHAT
MUNTAZAHAT`R
13.51% 126.00 15.00

Kuwait-Mubasher: Kuwait Resorts (Muntazahat) posted profits worth about KWD 688,500 ($2.28 million) in the first quarter of 2016, 31.8% down from KWD 1.06 million ($3.53 million) in the same quarter of 2015, according to a bourse statement.

Operating revenues decreased 10.5% to KWD 2.65 million ($8.8 million) in Q1-16, from KWD 2.96 million ($9.83 million) in Q1-15.