Kuwait-Mubasher: Alargan International Real Estate achieved a net profit worth KWD 24.3 million in the nine-month period ended 30 September.
The company added that earnings per share stood at 95.01 fils.
Alargan’s gross operating revenues surged 157.24%, while net operating profits jumped 636.63% in the nine months of 2015.
The company clarified that the increase in earnings resulted from the second deal of selling 92.5% of Saudi’s company, of which shares are owned by a real estate fund that is fully owned by the parent company and its subsidiary.
