Kuwait - Mubasher: International Resorts Company (IRC) reported profits of KWD 22,410 ($73,160) in the first quarter of 2017 versus losses of KWD 303,650 ($991,350) in the same quarter last year, as shown by the company’s financial statement.

The company said in a statement to Boursa Kuwait on Sunday that the reason behind achieving profits in Q1-17 is the management and development contract for Souk Al Safat.