Mubasher: Kuwait Investment recorded a surge of 158.3% in profits during the second quarter of 2017 compared to the same period a year ago.
Earnings grew to KWD 2.97 million ($9.82 million) in Q2-17 from KWD 1.15 million ($3.8 million) in Q2-16, according to a bourse statement issued on Thursday.
During the first six months of 2017, profits increased by 283.6% to KWD 7.71 million from KWD 2.01 million in H1-16.
The growth in H1 profits is attributed to unrealised gain from assets at fair value by KWD 3.08 million, the statement added.
In the first quarter this year, Kuwait Investment reported profits worth KWD 4.75 million, which is 455.6% higher than about KWD 854,950 in Q1-16.
