Kuwait-Mubasher: Kuwait Real Estate Holding (Al-Aqaria) posted KWD 13,330 ($44,000) losses in the second quarter of 2016 against KWD 8,170 ($27,000) profits in Q2-15, according to a bourse filing.
The company stated that the losses were due to the increase in the amount of cash distributed to shareholders.
The real estate company’s profits rose 18.2% in the first half of 2016 to KWD 21,650 from KWD 18,320 in H1-15.
Al-Aqaria’s stock gained 6.82% to end Thursday's session at 23.5 fils after trading 3,000 shares at a value of KWD 70.
