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United Real Estate profit plunges 60% in 9m

United Real Estate profit plunges 60% in 9m
URC
URC
0.00% 48.80 0.00
United Real Estate - URC disclosed its interim financial statements for the nine months period ended September 30, 2014.

The statements showed KWD4.45 million net profit for this period, down by around 60.5% from KWD11.27 million for the corresponding period of previous year.

Meanwhile , the company posted KWD933.31 thousands net profit for the third quarter of 2014 compared to KWD5.31 million for the same period of previous year , with decline by 82.4%.

URC operates within the real estate sector focusing on diversified real estate activities. It has 29 subsidiaries operating across Middle East, Northern Africa and the Carribian. URC is based in Kuwait City,Kuwait and was established on April,1973.