Mubasher: Tamdeen Real Estate reported an increase in net profits during the third quarter (Q3) of the year by 115.2% year-on-year (YoY).

Profits amounted to KWD 665,000 ($2.19 million) in Q3-19, compared with KWD 309,000 ($1.02 million) for the same period last year.

In the nine-month period ended 30 September, profits grew by 46.8% to KWD 7.28 million, up from KWD 4.96 million in the corresponding period in 2018.