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 recorded $23m in H1 2017 net profit [representational image].](https://www.constructionweekonline.com/public/styles/full_img/public/images/2018/07/28/Kuwait-infra_4.png?itok=IGyAv0cX "Kuwait's Tamdeen recorded $23m in H1 2017 net profit [representational image].")
Kuwait's Tamdeen recorded $23m in H1 2017 net profit [representational image].
02 Aug 2017
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.
READ: NBK reports surge in Kuwait’s Q2 2017 real estate sales
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.
