Kuwait – Mubasher: National Investments Company (NIC) has reported a 78.3% year-on-year increase in net profit during the second quarter of 2018, recording KWD 2.09 million ($6.9 million).
The company’s net profit grew 2% to KWD 5.42 million in the first six months of the year, compared to KWD 5.17 million in the year-ago period, according to a bourse statement.
Meanwhile, the Boursa Kuwait-listed firm’s assets declined 1% to KWD 193.2 million from January to the end of June versus KWD 195.39 million a year earlier.
In May, NIC’s net profit went down 16.8% in the first quarter of 2018, in comparison with the same period in the prior fiscal year.
