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Kuwait Business Town profits down 10% in H1

Kuwait Business Town profits down 10% in H1
Photo Credit: Arabianeye-Reuters
KBT
KBT
-3.23% 66.00 -2.20

Kuwait – Mubasher: Kuwait Business Town Real Estate (KBT) said it saw a retreat of 10% in net profits for the financial period ended 30 June 2015, reaching KWD 555,000 compared with KWD 616,000 for the same period of the previous year.

KBT reported net profit of KWD 313,800 for the second quarter of 2015, a surge of 164% from KWD 118,000 for the corresponding period of the preceding year, according to the firm’s bourse statement on Wednesday.

The firm is capitalised at KWD 51.61 million, distributed across 516.1 million shares at 100 Kuwaiti fils par value each.