KEC International shares hit 52-week low as Q1 profit falls

KEC International is a big company that builds things like power lines, roads, and pipelines in more than 110 countries.

It recently told people how much money it made in the first three months of its financial year.

The company made a lot less profit than last year — its profit went down by 42 percent.

It earned about the same amount of money, but its costs went up a lot.

This happened partly because of trouble in the Middle East, where shipping things costs more and takes longer.

Because of these problems, the company's shares fell to their lowest price in a year.

People who study companies, called analysts, still think the company will do well later on.

They say the cost problems might last a few more months but the company is trying to get customers to pay for the extra costs.

For regular people, this news is about a big company having a tough few months.