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.

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.