GCC companies post drop in profits during Q1: Kamco
Most commodity prices witnessed a demand-led decline during the quarter
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Most commodity prices witnessed a demand-led decline during the quarter
Quarterly profits reported by GCC-listed companies declined year-on-year (y-0-y) during the first quarter (Q1) of the year mainly led by a fall in energy and commodity prices, said Kuwait-based financial powerhouse Kamco in a new report.
Quarterly profits reported by GCC-listed companies declined year-on-year (y-0-y)
This was on the back of higher profits of the banking, telecom, and diversified financial sectors during the first quarter of 2023
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