Mubasher: Taameer Real Estate Investment turned to profit during the first quarter of the fiscal year 2019.
The company’s profit reached KWD 543,500 ($1.79 million), according to a bourse statement released on Thursday.
Taameer’s positive disclosure resulted from the arresting of the company’s share in the losses of units in Morocco.
The Kuwaiti real estate firm’s losses increased by 136% to KWD 1.36 million during 2018, from KWD 575,360 in 2017.
