Kuwait-Mubasher: Tamdeen Investment’s profits grew 83.5% in the fourth quarter of 2015 from the same quarter in 2014.
The KSE-listed firm reported earnings worth about KWD 920,000 ($3.05 million) in Q4-15, compared to nearly KWD 501,500 ($1.67 million) in Q4-14.
Tamdeen posted KWD 11.52 million ($38.31 million) profits during the fiscal year of 2015 as compared to KWD 9.05 million ($30.1 million) in FY14, an increase of 27.3%.
The strong performance was driven by an increase of KWD 4.49 million ($14.93 million) in the profits generated from available-for-sale investments.
