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National International Q4 profits leap 559%

National International Q4 profits leap 559%
Earnings surged to KWD 890,000 ($2.94 million) in Q4-18
NIH
NIH
8.00% 59.40 4.40

Mubasher: The initial unaudited income statements of National International Holding registered a jump of 559.3% in profits during the fourth quarter of 2018 compared to the same period a year ago.

Earnings surged to KWD 890,000 ($2.94 million) in Q4-18 from KWD 135,000 ($445,450) in Q4-17, according to a bourse statement on Thursday.

During fiscal year 2018, National International reported an increase of 67.9% in profits to KWD 2.3 million from KWD 1.37 million in FY17.

It is noteworthy that the company is listed on both Boursa Kuwait and the Dubai Financial Market (DFM).