Kuwait’s Al Enmaa Real Estate sells $3.46mln property
Kuwait based Al Enmaa Real Estate Company has sold one of its properties for Kuwait for $3.46 million.
According to Al Enmaa’s statement to Boursa Kuwait on Thursday, the transaction will result in a net loss of KWD 35,000 which will be reflected on the company’s financials for the fouth quarter of 2019. It is worth noting thta Al Enmaa Real Estate achieced a surge of 147.7% in profits during the first six months that ended 30 April 2019 compared to the corresponding period a year ago.
Earnings grew to $4.57 million in the first half ended in April this year from approximately $1.85 million in the same period in 2018.
Source: Trade Arabia
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