Mubasher: Al Aman Investment reported profits of KWD 500,600 ($1.65 million) in the nine-month period that ended 30 September 2017, versus losses of nearly KWD 30,500 ($101,000) for the same period last year, according to a bourse filing.
The company’s financial statements showed that operational revenues increased by 166% to KWD 2.67 million, compared to around KWD 1 million for the same period in the year before, according to the company’s statement to Boursa Kuwait on Monday.
As per the statement, turning to profits is due to a rise in managing assets fees to KWD 1.77 million.
