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Al-Enmaa Real Estate earnings up 49% QoQ

Al-Enmaa Real Estate earnings up 49% QoQ
Photo Credit: Arabianeye-Reuters
ERESCO
ERESCO
-1.50% 59.00 -0.90

Al-Enmaa Real Estate registered a growth of 49% in its earnings for the first quarter which ended on 31 January, 2015.

The real estate firm posted KWD 1.95 million (about $6.5 million) in Q1-2015, compared to KWD 1.30 million (about $4.4 million) in Q1-2014.

The earnings per share (EPS) reached up to 4.33 fils in the first quarter of 2015 from 2.91 fils in the same period of 2014.

Total operating revenues reached KWD 15.5 million in Q1-2015 against KWD 11.6 million in Q1-2014.