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4-Traders Homepage  >  Equities  >  KUWAIT STOCK EXCHANGE  >  Kuwait Real Estate Holding Co KSCH    ALAQ   KW0EQ0401756

KUWAIT REAL ESTATE HOLDING CO KSCH (ALAQ)
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Kuwait Real Estate KSCH : Q1 profits grow 33%

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05/17/2018 | 06:49am CEST

Earnings enlarged to KWD 2.21 million ($7.34 million) in Q1-18

KRE KRE 2.00% 47.00 1.00

Mubasher: Kuwait Real Estate registered an increase of 33.1% in profits during the first quarter of 2018 compared to the same period in the prior year.

Earnings enlarged to KWD 2.21 million ($7.34 million) in Q1-18 from KWD 1.66 million ($5.51 million) in Q1-17, according to a bourse filing on Wednesday.

The rise in Q1 profits is attributed to repaying provisions of lawsuits, despite the increase in the company’s financing costs.

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Managers
NameTitle
Tarek Ibrahim Al-Mansour Chief Executive Officer, Secretary & GM
Mohammad Barrak Abdulmohsen Al-Mutair Chairman
Magdy Mahboub Mohammad Financial Manager
Naji Abdullah Yousef Al-Abdul Hadi Vice Chairman
Feras Yousef Rashad Al-Ghanem Non-Executive Director