Kuwait Portland Cement Co reported a 75 per cent decline in net profit in the third quarter of 2019. The company achieved profits of KWD605,600 (US$2m) in the 3Q19, compared with KWD2.42m (US$7.98m) in the 3Q18, Mubasher reports.

In the first nine months of 2019 there was a 21 per cent drop in profit to KWD6.18m, from KWD7.82m in the previous-year period.