Kuwait – Mubasher: Arzan Financial Group for Financing and Investment achieved a 25.5% rise in profits during the second quarter this year as compared to the same period a year ago.
Earnings grew to about KWD 734,400 in Q2-16 versus nearly KWD 585,000 ($1.94 million) in Q2-15, according to a recent bourse statement.
During the first half this year, profits shrank by 36% to KWD 1.37 million as compared with KWD 2.14 million in H1-15.
The decline in H1 earnings is attributed to lower profits from investments at the fair value.
