Mubasher: Salhia Real Estate achieved an increase of 24.2% in profits during the first quarter of 2018 compared to the same period in the previous fiscal year.
Earnings grew to KWD 5.74 million ($18.17 million) in Q1-18 from KWD 4.62 million ($15.35 million) in Q1-17, according to a bourse statement on Monday.
Salhia Real Estate noted that the surge in Q1 profits is attributed to higher operating revenues.
At the stock level, Salhia Real Estate closed Monday’s session at 335 fils.
