Kuwait – Mubasher: Tijara and Real Estate Investment posted a 35.8% rise year-on-year in the fourth quarter of 2016, according to a bourse filing.
Profits reached KWD 180,740 ($1.51 million) in Q4-16, compared to KWD 133,100 ($1.99 million) in Q4-15.
In 2016, the company’s profits increased 4.8% to KWD 810,060 from KWD 772,980 achieved in 2015.
Higher profits are mainly attributed to a rise in operating revenues.
The company’s stock stabilised at 60 Kuwaiti fils on Monday.
