Kuwait – Mubasher: Coast Investment and Development achieved a profit of KWD 79,000 ($258,940) in the first quarter of 2017 against a loss of about KWD 424,800 ($1.39 million) in the same period of 2016.
The net operating profit stood at around KWD 82,250 in Q1-17 versus operating losses of nearly KWD 432,420 in Q1-16, according to a bourse statement issued on Wednesday.
It is noteworthy that Coast Investment recorded a profit of KWD 2.07 million in fiscal year 2016, against a loss of KWD 8.74 million in FY15.
At the stock level, Coast Investment levelled up 6.17% to 43 fils.
