Mubasher: Kuwait Real Estate achieved a positive turn in the quarterly financials, as profits stood at KWD 1.73 million ($5.71 million) in the fourth quarter of 2018 against a loss of KWD 2.3 million ($7.59 million) in the corresponding period a year ago.
During fiscal year 2018, the real estate firm achieved an increase of 204.1% in profits to KWD 6.75 million from KWD 2.22 million in the same period in 2017.
The board members of Kuwait Real Estate have recommended distributing 5% of the treasury shares as bonus, without impacting the capital nor the number of issued shares.
