|15 August, 2019

Kuwait's Al Enmaa Real Estate sells $3.46mln property

Al Enmaa Real Estate achieved a surge of 147.7% in profits during the first six months that ended 30 April 2019

Kuwait City A wonderful view of Kuwait City from Sharq Market Image used for illustrative purpose

Kuwait City A wonderful view of Kuwait City from Sharq Market Image used for illustrative purpose

Getty Images/ Shahbaz Hussain's Photos
Kuwait - Al Enmaa Real Estate Company announced that it has sold one of its properties based in Kuwait for KWD 1.05 million ($3.46 million).

The transaction will result in a net loss of KWD 35,000, which will be reflected on the company’s financials for the fourth quarter of 2019, according to Al Enmaa’s statement to Boursa Kuwait on Thursday.

It is worth noting that Al Enmaa Real Estate achieved a surge of 147.7% in profits during the first six months that ended 30 April 2019 compared to the corresponding period a year ago.

Earnings grew to KWD 1.38 million ($4.57 million) in the first half ended in April this year from approximately KWD 558,170 ($1.85 million) in the same period in 2018.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.