Mubasher: Ithmaar Holding has achieved a surge of 329% in profits attributed to shareholders during the first quarter of 2019 compared to the same period a year ago.

Profits to shareholders grew to $7.106 million in Q1-19 from $1.655 million in Q1-18, according to a bourse disclosure on Monday.

Ithmaar, listed on Bahrain Bourse (BHB), Boursa Kuwait, and the Dubai Financial Market (DFM), reported an increase of 5% in operating revenue to $76.075 million in Q1-19 from $72.157 million in Q1-18.

Operating income also rose by 21% to $21.915 million from $18.083 million in Q1-18.