Salhia Real Estate’s Q2 profits fall 38.1%

Kuwait – Mubasher: Salhia Real Estate registered profits worth KWD 2.6 million ($8.56 million) during the second quarter this year, 38.1% down from KWD 4.2 million ($13.88 million) in the corresponding period of 2015.

Earnings totalled KWD 5.68 million over the first half of 2016 as compared to KWD 7.08 million in the same period of the previous year; a decline of 19.8%, according to a bourse statement issued . 

Salhia reported a rise of 1.2% in gross revenues that reached KWD 22.43 million during the first six months of 2016.

 

Mubasher Contribution Time: 10-Aug-2016 13:35 (GMT)
Mubasher Last Update Time: 10-Aug-2016 13:36 (GMT)