Mubasher: Global Investment House announced an increase of 7.4% in profits during the first six months of 2018 compared to the same period last year.
Earnings grew to KWD 2.9 million ($9.7 million) in H1-18 from KWD 2.7 million ($8.9 million) in H1-17, according to a statement on Tuesday.
Revenues totalled KWD 7.4 million in H1-18, while commission and fees income stood at KWD 4.9 million or 67% of total revenues.
Global’s total assets registered KWD 5.1 million, while asset under management increased by KWD 27 million to total KWD 937 million by the end of June 2018.
The statement clarified that Global has expanded and diversified its real estate portfolio to reach West Europe through the logistics sector.
Operating costs shrank by 1.2 million or 21% to stand at KWD 4.5 million in H1-18.
