Aqar Real Estate and Investments Company achieved last quarter profits of 505.24 thousand KWD which is equivalent to 1.68 million dollars. The company profits rose by 234.3% compared to the same period profits of the last year.
Aqar company profits during the first quarter of 2014 reached 151.44 KWD. The company attributed the profits hike to acquiring more properties and leasing returns increase.
Earnings rate per share reached 2.22 fils this quarter compared with 0.66 fils during 2014 first quarter.
It’s worth mentioning that Aqar Real Estate and Investments profits last year were 2.24 million KWD which plummeted by 3.9% compared to 2013 profits which reached 2.33 million KWD. Aqar Company works in lands purchasing, real estate development, hotels investments, in addition to many other fields.