Mubasher: Tamdeen Investment achieved a growth of 20.5% in profits during the first quarter of 2019 compared to the same period last year.
Profits increased to KWD 9.06 million ($29.87 million) in Q1-19 from KWD 7.52 million ($24.79 million) in Q1-18.
The increase in Q1 profits is attributed to higher income from distributing investment earnings as well as an increase in the company’s share from the financials of an associate, Tamdeen said in a bourse filing on Tuesday.
