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National Investments to post profit from deal in Q2

National Investments to post profit from deal in Q2
Photo Credit: Arabianeye-Reuters
NINV
NINV
-1.49% 265.00 -4.00

Mubasher: National Investments Co said that about KWD 794,840 will be registered in the second quarter’s financial statements as a profit from purchasing a stake in an unlisted company.

National Investments said that this investment will be classified as an associate, according to a bourse statement issued on Wednesday.

In early April, the company has sealed a deal in an unlisted firm for KWD 525,000.

At the stock level, National Investments closed Wednesday’s session at 104 fils.