Mubasher: National Investments on Wednesday reported a 64% year-on-year profit increase during the first quarter of the fiscal year 2019, recording KWD 5.48 million ($18.06 million).

Operating profit surged 48% YoY to KWD 7.85 million in Q1-19, compared to KWD 5.32 million a year earlier, according to a bourse statement.

National Investments succumbed to losses in the fourth quarter of 2018, incurring KWD 1.05 million ($3.46 million), against KWD 763,740 ($2.52 million) in the prior-year period.