KAMCO Investment Q3 profits rise 3%

Mubasher: KAMCO Investment achieved an increase of 2.8% in profits during the third quarter of 2018 compared to the same period a year ago.

Earnings grew to nearly KWD 638,590 ($2.1 million) in Q3-18 from approximately KWD 621,320 ($2.05 million) in Q3-17, according to a bourse disclosure on Tuesday.

During the nine-month period 2018, KAMCO posted an increase of 6.4% in profits to KWD 1.06 million from approximately KWD 996,680 in the same period last year.

The increase in 9M profits is attributed to higher fees income.

Mubasher Contribution Time: 13-Nov-2018 08:27 (GMT)
Mubasher Last Update Time: 13-Nov-2018 08:27 (GMT)