Kuwait Resorts (Muntazahat) announced earnings results for the second quarter and six months ended June 2017. The company recorded a fall of 11.7% in profits amid the second quarter of 2017 compared to the same period of 2016. Moreover, earnings shrank to USD 1.64 million in the cited period from USD 1.85 million in the same period of 2016. For the six months, profits fell to 16% or KD 1.05 million from KD 1.25 million in the same period of 2016. In addition, the drop in profits resulted from lower operating revenues, despite the fall in finance, administrative and general expenses.