Kuwait – Mubasher: Tamdeen Investment reported a growth of 31.5% in profits during the third quarter of 2016 as compared to the same period a year ago.
Earnings increased to about KWD 235,970 ($778,340) in Q3-16 from nearly KWD 179,490 ($592,040) in Q3-15, according to a bourse statement.
During the nine-month period this year, profits decreased 13.3% to KWD 9.19 million from KWD 10.6 million in the same period a year ago.
Total operating revenue declined 8.4% to KWD 13.59 million from KWD 14.83 million in the first nine months of 2015.
Tamdeen stock started Wednesday’s session down 5.17% to 275 fils.
