Kuwait - Mubasher: Al Mazaya Holding repowered a growth in profits for the first quarter of 2017 by 2.7% year-on-year, according to a bourse filing.
As per the company’s statement to Boursa Kuwait on Wednesday that profits reached KWD 1.9 million ($6.27 million) in the three-month period that ended on 31 March 2017 compared to KWD 1.86 million ($6.1 million) in the same period last year.
The company attributed the rise in profits to the increase in operational income from rent and other revenues as well as the higher margins in sister companies.
