Kuwait – Mubasher: Al Imtiaz Investment Group recorded a leap of 357.4% in profits during the first quarter of 2017, compared to the same period of 2016.
Earnings soared to KWD 12.35 million ($40.48 million) in Q1-17 from KWD 2.7 million ($84.24 million) in Q1-16, according to a bourse statement issued on Wednesday.
Al Imtiaz clarified that the jump in Q1 profits partly resulted from selling a stake in an associate with a profit of KWD 10.9 million.
