Kuwait – Mubasher: Future Kid Entertainment and Real Estate Co. said on Monday its net profit for the first half of 2015 rose by 27.7% to KWD 854,000 ($2.82 million), up from KWD 669,000 ($2.21 million) in the same period a year earlier.
The Kuwaiti company seeks to boost its operating revenues and achieve a leap in performance over the coming period through taking more steps aimed at the best interest of shareholders, said CEO Rasha Al-Ghunaim.
The top executive expects her company to continue with strong operating and financial performance in the coming years, through implementing new strategies that focus on drumming up Future Kid’s family entertainment business locally and regionally.
The company indicated that the higher half-year profits were spurred by restructuring its departments, coupled with improved performance of subsidiaries and a decrease in general and administrative expenses.
