Dubai: Al Mazaya Holding reported on Monday $8.9 million (Dh32.69 million) in net profit in the third quarter of 2017, with profits remaining flat compared to the same quarter of 2016.

The figure brings net profit in the first nine months of 2017 to $22.7 million, also nearly flat from the $22.6 million recorded in the same period last year.

Meanwhile, revenues reached 15.9 million Kuwaiti dinars in the third quarter of the year, down 5.6 per cent year-on-year.