Kuwait – Mubasher: Arkan Al Kuwait Real Estate reported a surge of 313% in profits of the third quarter ended 31 July, 2016.
Earnings jumped to about KWD 984,700 ($3.3 million) in Q3-16 from nearly KWD 238,600 ($789,200) in the corresponding period in 2015, the company said in a bourse statement.
During the nine-month period of 2016, net profits dropped 31% to reach KWD 2.8 million compared with KWD 4.02 million in the same period a year ago.
