Mubasher: Mubarrad Holding Co achieved a leap of 97.7% in profits during the second quarter of 2019 when compared to the same three months last year.
The profits of the period amounted to nearly KWD 269,770 ($888,690) in Q2-19 from approximately KWD 136,450 ($449,510) in Q2-18, according to a bourse statement on Thursday.
During the six-month period ended 30 June 2019, Mubarrad posted a growth of 17.7% in profits to nearly KWD 394,730 from about KWD 335,350 in H1-18; the year-on-year increase in profits is attributed to higher leasing income.
It is worth noting that during the first quarter of 2019, the company achieved nearly KWD 151,680 worth of profit, 23.7% lower than about KWD 198,900 in Q1-18.
