Mubasher: Mena Real Estate has achieved profits during the first nine months ended on 31 December 2018 against a loss in the corresponding period in 2017.
Earnings stood at KWD 2.4 million ($1 million) in 9M ended on 31 December 2018 versus a loss of nearly KWD 243,730 ($1,000) in the same period a year ago, according to a bourse statement on Tuesday.
Earnings per share (EPS) registered 27.65 fils in the 9M-18 against a loss per share of 2.99 fils in the nine months ended on 31 December 2017.
Mena Real Estate disclosed that the positive turn in 9M financials is attributed to the acquisition of Rasmal Holding.
