Mubasher: Salhia Real Estate achieved an increase of 30.3% in profits during the third quarter of 2017 compared to the same period in the prior year.
Earnings rose to KWD 3.1 million ($10.26 million) in Q3-17 from KWD 2.38 million ($7.88 million) in Q3-16, according to a bourse statement issued on Monday.
In the first nine months of 2017, profits rose by 36.6% to KWD 11.01 million from KWD 8.06 million in the same period last year.
During the first half of this year, Salhia Real Estate reported a growth of 39.3% in profits to KWD 7.91 million compared to KWD 5.68 million in H1-15.
At the stock level, Salhia Real Estate closed Monday’s trading session at 355 fils.
