Mubasher: Kuwait-based Salhia Real Estate posted a 13.1% year-on-year profit hike during the second quarter of 2019, recording KWD 4.15 million ($13.68 million).
In the first half of the year, the company’s profit declined to KWD 8.25 million, compared to KWD 9.41 million in the year-ago period, according to a bourse statement released on Wednesday.
Salhia Real Estate attributed the profit decline in H1-19 to the shrinkage in its share in the profits of a joint-venture.
Kuwait-based Salhia Real Estate reported a 29% year-on-year decrease in profits during the first quarter of 2019, registering KWD 4.1 million.
