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Arkan Al Kuwait posts 257% rise in Q2 profits

Arkan Al Kuwait posts 257% rise in Q2 profits
Real estate sales reached KWD 750,000 (Photo Credit: Company Website)
ARKAN
ARKAN
5.78% 86.00 4.70

Kuwait-Mubasher: Arkan Al Kuwait Real Estate reported a 257.23% growth in the second quarter ended 30 April, according to a bourse statement.

Profits reached KWD 1.03 million ($3.41 million) in Q2-16, compared to KWD 289,060 ($953,380) in Q2-15.

Operating revenues rose by 180.25% to KWD 1.32 million in Q2-16.

Real estate sales reached KWD 750,000, representing 56.8% of the company’s total operating revenues.