Mubasher: Al Mudon International Real Estate achieved profits worth around 409,500 ($1.34 million) during the fourth quarter of 2016 against losses of approximately KWD 730,500 ($2.39 million) in the same period a year ago.

During the fiscal year, the company achieved profits of nearly KWD 334,200 versus losses of about KWD 940,600 in fiscal year 2015, according to a bourse filing issued on Sunday.