Kuwait – Mubasher: Al Imtiaz Investment Group recorded a surge of 113.2% in profits during the third quarter of 2016 as compared to the same period a year ago.
Earnings amounted to KWD 2.58 million ($8.47 million) in Q3-16 as compared with KWD 1.21 million ($3.97 million) in Q3-15, according to a bourse statement issued on Tuesday.
Over the first nine months this year, profits declined by 20.7% to KWD 7.03 million from KWD 8.87 million in the corresponding period in 2015.
On the stock level, Al Imtiaz started Tuesday with a 2.67% rise to 77 fils after 34,000 shares were exchanged at a value of about KWD 2,620.
