Asiya Capitals profits up 38% in 2019

Mubasher: Asiya Capital Investments Company reported a 38% annual increase in net profits during the fiscal year (FY) ended on 31 December 2019 at KWD 1.5 million (about $4.81 million) from KWD 1.09 million (around $3.51 million).

The growth in the annual profits was backed by the upward trend in equity and capital markets, according to a bourse disclosure on Wednesday.

In the fourth quarter (Q4), Asiya Capital turned to a profit of KWD 1.4 million, against a loss of KWD 39,210 in the same period in 2018.

It is worth noting that in the first nine months of the year, the company's profits dropped by 94.8% year-on-year (YoY) to KWD 1.13 million.

Source: Mubasher

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.