Mubasher TV
Contact Us Advertising   العربية

Kuwait Reinsurance’s Q1 profits grow 26.82%

Kuwait Reinsurance’s Q1 profits grow 26.82%
Photo Credit: Arabianeye-Reuters
KUWAITRE
KUWAITRE
-4.86% 470.00 -24.00

Kuwait-Mubasher: Kuwait Reinsurance’s earnings increased by 26.82% in the first quarter of 2016 as compared to the same period in 2015, the company said in a recent statement.

Profits reached about KWD 935,600 ($3.11 million) in Q1-16, compared to around KWD 737,740 ($2.45 million) in Q1-15.

Operating revenues gained 11.2% to reach KWD 11.47 million ($38.13 million) in Q1-16, from KWD 10.32 million ($34.3 million) in Q1-15.