Kuwait Insurance H1 profit rises on stronger operations

Kuwait – Mubasher: Kuwait Insurance Co. posted 31.4% growth in net profit for the first half of 2015 to KWD 4.56 million ($15.05 million), up from KWD 3.47 million ($11.43 million) in the year-ago period.

The Kuwait-listed insurer ascribed the profit rise to an increase in operating and investment profits.

The company earlier posted a 29.5% rise in Q1-15 net profit to KWD 3.55 million.

Mubasher Contribution Time: 11-Aug-2015 10:50 (GMT)