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Tamdeen Real Estate posts higher profits in Q1

Tamdeen Real Estate posts higher profits in Q1
A project by Tamdeen Real Estate (Photo Credit: Company website)
TAM
TAM`R
1.18% 344.00 4.00

Kuwait-Mubasher: Tamdeen Real Estate achieved profits worth about KWD 5.6 million ($18.56 million) in the first quarter of 2016, compared to KWD 5.28 million ($17.5 million) in the same period of 2015; an increase of 6.1%.

The growth in Q1 earnings resulted from higher net investment revenues, the company clarified in a bourse statement.