Kuwait-based Future Kid Entertainment and Real Estate Co. expects to boost its net profits and operating revenues in the near term, said Rasha Al Ghoneim board member.

Earlier, the company unveiled its financial results for the first quarter of 2015, where it turned to profits of KWD 204,122 against KWD 20,127 in losses for the same period of the previous year.

The company attributed its profitability in 2015 to its management restructuring, cut of administrative and general costs and the growth of its non-operating revenues.

The company's shareholders equity increased to KWD 20.23 million, while its stock book value stood at KWD 185 fils per share in the first quarter of 2015.

Future Kid is capitalised at KWD 60.6 million, distributed across 606.13 million shares at KWD 100 fils par value each.