Kuwait-Mubasher: First Dubai for Real Estate Development posted a 1.1% rise in its first-quarter profits, according to a bourse statement.
Profits reached KWD 3256,600 ($1.08 million) in the first quarter of 2015, compared to KWD 322,000 ($1.07 million) in the same quarter of 2016.
The profit rise is mainly attributed to an increase in operating profits to KWD 88,800 ($294,478) generated from selling and leasing real estate, in addition to a growth in fund fees and expenses by KWD 68,500 ($227,159).
