Mubasher: Inovest registered a 13% increase in net profit during the first half (H1) of 2020 to KWD 1.47 million, as shown by the company's financial results.

Earnings per share amounted to 4.93 fils, compared with 4.38 fils in H1-19, according to a statement to Boursa Kuwait.

The rise in earnings is attributed to gains from a settlement with an investor, the reversal of a provision, and a decrease in operating expenses.

Moreover, Inovest reported KWD 1.4 million in net profits for the first quarter (Q1) of the year, up by 53% compared with the same period a year earlier.