Mubasher: Kuwait Financial Centre (Markaz) reported a surge of 443% in profits during the fourth quarter of 2016, as compared to the same period in the previous year.
Earnings increased to KWD 2.65 million ($8.65 million) in Q4-16 from KWD 488,000 ($1.59 million) in Q4-15, according to a bourse filing issued on Thursday.
During the fiscal year, net profit grew by 39.9% to stand at KWD 4.03 million from KWD 2.88 million in FY15.
