Mubasher: Kuwait Financial Centre (Markaz) reported a 30% year-on-year profit increase during the second quarter of 2019, recording KWD 1.175 million ($3.87 million).
In the first six months of 2019, Markaz’s profit surged 84% year-on-year to KWD 2.619 million, according to a bourse statement released on Thursday.
The company ascribed the profit hike to the increase in the fair value of financial assets.
Markaz reported a 112.4% year-on-year increase in profits during the first quarter of 2019, registering KWD 3.643 million.
