Kuwait - Mubasher: National Investments Co recorded a surge of 259.4% in profits during the first quarter of 2017 as compared to the same period of the prior year.
The company’s earnings jumped to about KWD 4 million ($13.13 million) in Q1-17 from KWD 1.11 million ($3.65 million) in Q1-16, according to a bourse statement issued on Tuesday.
The operating profits soared by 321.3% to KWD 4.21 million in Q1-17 from approximately KWD 999,170 in Q1-16.
At the stock level, National Investments closed Tuesday’s session 3% lower at 67 fils.
