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International Resorts’ profit catapults in Q1

International Resorts’ profit catapults in Q1
Operating income declined by 45.85% YoY
IRC
IRC
0.00% 14.50 0.00

Mubasher: International Resorts’ profit surged 188.77% year-on-year profit during the first quarter of 2019.

The Kuwait-listed company’s profit soared to KWD 124,680 ($409,754) in Q1-19 from KWD 43,180 ($141,908) a year earlier, according to a bourse statement released on Wednesday. 

Operating income declined by 45.85% YoY to KWD 624,990 in the first three months of 2019.

In 2018, International Resorts’ profit grew 14.3% YoY to 465,800.