Kuwait – Mubasher: Kuwait Real Estate registered a 5.2% growth in profits of the second quarter this year as compared to the same period a year ago.
Earnings grew to around KWD 986,150 ($3.26 million) in Q2-16 versus about KWD 937,380 ($3.1 million) in Q2-15, according to a bourse statement.
The growth in Q2-16 profits resulted from lower operating costs as well as higher revenues from leasing contracts, the company clarified.
During the first half of the year, earnings grew 19.7% to KWD 2.86 million as compared to KWD 2.39 million in H1-15.
