Mubasher: The Securities House achieved a profit of nearly KWD 427,850 ($1.42 million) during the first quarter of 2018 against losses of around KWD 51,270 ($170,230) in the same period a year ago.

The profitable turn in Q1 financials is attributed to a higher share of KWD 480,000 in the results of an associate, according to a bourse statement on Thursday.