Mubasher: Inovest posted a decline of 19.5% in profits during the first quarter of 2018 compared to the same period in the prior year.

Earnings shrank to $7.3 million in Q2-18 from $9.07 million in Q2-17, according to a bourse statement on Monday.

Inovest, which is listed on both Boursa Kuwait and Bahrain Bourse (BHB), registered a decrease in profits to $10.7 million during the first half of 2018 from $17.3 million in the same half a year ago.

It is noteworthy that in the first quarter of 2018, Inovest posted a plunge of 64.6% in profits to $2.9 million from $8.2 million in Q1-17.