Mubasher: Al Ahleia Insurance has reported a decline in its profits during the first quarter of 2018 by 1.6% year-on-year, as shown by its financial results.

Profits totalled KWD 2.84 million ($9.44 million) in the first three months of the year compared to KWD 2.88 million ($9.57 million) for the same period last year, according to the company’s statement to Boursa Kuwait on Tuesday.

Operational income grew 17% to KWD 23.67 million in Q1-18.