Mubasher: Salhia Real Estate announced that its share from selling a real estate asset in the UK through a subsidiary amounted to KWD 1.59 million.

The 50%-owned subsidiary Key Property Investments (KPI) has sold a property valued at GBP 17.37 million or KWD 6.95 million, according to a bourse disclosure on Tuesday.

The KWD 1.59 million share will be registered in the income statements of the third quarter of 2018.

At the stock level, Salhia Real Estate closed Tuesday’s session 0.30% higher at 329 fils.

Salhia last reported an 11.6% rise in profits to KWD 3.67 million ($12.14 million) in Q2-18 from KWD 3.29 million ($10.88 million) in Q2-17, while for the six-month period, the company's profits increased 19% year-on-year to KWD 9.41 million from KWD 7.91 million.