Mubasher: Aayan Leasing and Investment, listed on Boursa Kuwait, on Wednesday announced it has generated a profit of KWD 96,000 from real estate investments by its wholly-owned subsidiary Tawazun Holding.

The company has achieved KWD 58,000 in profits from the sale of a property located in Ardiya at a value of KWD 900,000, Aayan Leasing said in a bourse filing.

Moreover, the company has recorded KWD 38,000 in profits from the sale of a property located in Herafi Ardiya at a value of KWD 940,000.

The financial impact of the above transactions will be reflected in the third quarter of 2019, the company added.

It is worth noting that Aayan Leasing had turned to loss in the first quarter of 2019, incurring KWD 3.06 million, against logging a profit of KWD 481,080 in Q1-18.