Tijara posts 115% profit increase in Q3
Kuwait – Mubasher: Tijara and Real Estate Investment said Tuesday that its net profit for the third quarter of 2016 rose 115.4% year-on-year to KWD 348,960 ($1.15 million) from KWD 162,020 ($533,420), according to a bourse filing.
In the first nine months, net profit stood at KWD 629,320, lower 1.7% from KWD 639,880 for the year-ago period.
During the first half, the company earned KWD 280,360, compared with KWD 477,860 for the first half of 2015.
