Mubasher: Commercial Facilities recorded an increase of 9.9% in profits during the first quarter of 2019 compared to the same period last year.

Profits soared to KWD 2.9 million ($9.56 million) in Q1-19 from KWD 2.64 million ($8.7 million) in Q1-18.

The company clarified in a bourse disclosure on Thursday that the growth in Q1 profits is ascribed to higher operating and investment income.