Kuwait's Tamdeen earns $23m H1 2017 net profit
In a filing to Boursa Kuwait, Tamdeen said its shareholders' equity was worth $471.3m in H1 2017, an increase over H1 2016's $425m
Kuwait's Tamdeen Real Estate Company earned $23.2m (KWD7m) in net profit during the first half of this year, it has been revealed.
The figure is 1.3% lower than last year's corresponding results.
In a filing to the country's stock market, Boursa Kuwait, Tamdeen said its shareholders' equity was worth $471.3m (KWD142.2m) in H1 2017.
The equity has recorded an increase over H1 2016's $425m (KWD128.2m).
Tamdeen's assets during the period were worth $1.6bn (KWD482m), and its liabilities amounted to $841.5m (KWD254m), state news agency KUNA reported.