Kuwait -Tamdeen Investment has turned to profit in the third quarter of the fiscal year 2019.
The company reported a net profit of KWD 409,420 ($1.35 million) in Q3-19, according to a bourse statement released on Thursday.
In the first nine months of 2019, the Boursa Kuwait-listed company’s profit grew by 35% year-on-year to KWD 10.58 million.
It is worth mentioning that Tamdeen Investment posted a net profit of KWD 1.12 million ($3.69 million) in Q2-19, up 134.3% from the year before.
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