Kuwait – Mubasher: National Real Estate on Saturday reported 9.8% year-on-year growth in its net profits for the first quarter of the year to KWD 3.6 million ($11.95 million).
Revenues from income-generating projects in Kuwait and Egypt increased during the period, the company said in a filing to the Kuwait Stock Exchange (KSE).
Operating revenues surged 73.1% year-on-year in Q1-16 to KWD 7.3 million, while profits before EBITDA grew 1.9% on an annual basis to KWD 4.5 million.
