News Column

KRE posts KD 3.4 mln profits in six months

August 11, 2014

KUWAIT, Aug 11 (KUNA) -- The Kuwait Real Estate Company (KRE) said on Monday it had gained KD 3.4 million in profits during the first six months of the year, with 3.86 fils earnings-per-share (EBS).

This is compared to profits worth KD 3.32 million and EBS 3.57 fils in the responding period in 2013.

Shareholders' equity during the six months till June 30 reached KD 116.8 million, compared to KD 119 million the first six months of 2013, the company said in a statement posted on the website of the Kuwait Stock Exchange (KSE).

KRE added that the total assets in the first six months of the year reached KD 207.4 million. Liabilities hit KD 90.6 million, compared to KD 64.9 million the same period the previous year.

The Kuwait Real Estate Company was founded in 1972 and enlisted at the KSE in 1984. (end) fh.tb.msa

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Source: Kuwait News Agency

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