Mubasher: The financial statements of Aayan Real Estate Co. revealed an 84.3% year-on-year increase in profits during the second quarter of 2019.

The profits of the period hit around KWD 979,000 ($3.23 million) from nearly KWD 531,240 ($1.75 million) in Q2-18, the company disclosed to Boursa Kuwait on Thursday.

During the first half of 2019, Aayan Real Estate’s profits soared to KWD 1.38 million from around KWD 486,240 in H1-18, with a 183.8% increase.

The profits realised in H1-19 were led by income from selling real estate investments, as well as an increase in other revenues.

Noteworthy, in the first quarter of 2019, Aayan Real Estate turned to profit worth nearly KWD 404,000 versus around KWD 45,000 losses in Q1-18.