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KUWAIT: The profit of the Egyptian-Kuwaiti Holding Company (KSC) fell by 33% in the third quarter of this year to reach KZT 7.09 million, the Kuwait Stock Exchange (KSE) said.
In the three-month period ending September 30, Kuwait-Kuwait reached a profit of 7.09 million dinars (23.34 million dollars), compared with 10.59 million dinars ($ 34.87 million) in the third quarter of 2017.
In the first nine months of this year, the company achieved a profit of 20.14 million dinars, compared with 21.34 million dinars in the same period of 2017, which is 6 percent less.
The company attributed the main reason for the decline in profit for one-off profits in the net quarter in the comparative period.
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