Mubasher: First Dubai for Real Estate Development achieved a surge of 224% in profits during the first quarter of 2018 compared to the same period in the previous year.
Earnings jumped to KWD 1.62 million ($5.38 million) in Q1-18 from KWD 500,000 ($1.66 million) in Q1-17, according to a bourse statement on Thursday.
First Dubai clarified that the increase in Q1 profits is attributed to a higher net income of KWD 488,000 from investments.
