Kuwait – Mubasher: Ajial Real Estate Entertainment Company said on Thursday that its profits skyrocketed 547.3% to KWD 1.32 million ($4.32 million) in the first half of 2015, up from KWD 203,940 ($672,480) in the same period last year.

The shareholding company delivered a positive performance in Q2-15 as profits stood at KWD 884,120 against a loss of KWD 223,730 in Q2-14, according to a filing to the Kuwait Stock Exchange (KSE).

Kuwaiti Ajial attributed its profit achievements to increased shareholding in one of its subsidiaries.

Ajial Real Estate Entertainment Company previously posted a profit of KWD 432,900 ($1.43 million) in Q1-15, registering an increase of 3.7% from figures in the same period the year before.