KUWAIT, 15 May 2006 — Kuwait’s National Industries Group said yesterday its 2006 first quarter net profit fell nearly 22 percent to 28.5 million dinars ($98.68 million). The company said in a statement posted on the Kuwait bourse website that it made a profit of 36.5 million dinars in the first quarter of 2005. National Industries said per share loss was 36 fils compared to 44 fils in the year-ago period. The company said the latest quarterly results also included “unrealized losses” totaling 25.5 million dinars.