Mubasher: National International Holding Company reported an 11.1% rise in profits during the first quarter of 2019.

Profits amounted to KWD 534,870 ($1.76 million) in Q1-19, up from KWD 481,450 ($1.59 million) in Q1-18, according to a filing to Boursa Kuwait on Monday.

The firm ascribed the rise in Q1-19 profits to an increase in the company’s investment revenues, combined with lower operating and financing expenses.

For the full year of 2018, National International Holding’s profits surged 67.9% to KWD 2.3 million, compared to KWD 1.37 million a year ago.

It is noteworthy that National International Holding is listed on Boursa Kuwait and the Dubai Financial Market (DFM).