Mubasher: Sokouk Holding Company has reported profits of KWD 324,620 ($1.07 million) in the third quarter (Q3) of 2019, against losses of about KWD 4.84 million ($15.97 million) for the same period last year.
In the first nine months of the year, the company narrowed its losses by 96.1% year-on-year (YoY) to KWD 5.91 million, according to a statement to Boursa Kuwait.
The company attributed the improvement in its financial indicators to lower tax and zakat costs, as well as higher returns on investments in sister companies, and an increase in hotel net revenues.
