Mubasher: Sanad Holding Co has achieved a profit of approximately KWD 30,040 ($99,700) in the first quarter of 2018 against losses worth nearly KWD 31,950 ($106,000) in the same period a year ago.

The positive turn in Q1 financials is attributed to lower general and administrative expenses.

It is noteworthy that in fiscal year 2017, Sanad posted an increase of 201% in profits to KWD 1.11 million compared to about KWD 369,300 in FY16.