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Mazaya posts $13.5m profits in H1

Mazaya posts $13.5m profits in H1
Photo Credit: Arabianeye-Reuters
MAZAYA
MAZAYA
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Kuwait – Mubasher: Al Mazaya Holding reported a net profit of $13.5 million for the first six months of 2015, according to filings with the Kuwait and Dubai stock markets.

The full-service real estate developer also reported a net profit of $7.86 million for the second quarter of 2015.

Earnings per share (EPS) grew to 2.19 cents in H1-15, up from 1.27 cents in H1-14.

The Kuwaiti firm previously reported 10% profit growth in Q1-15 to $5.73 million compared to $5.21 million in the same period in 2014.