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Home News Real Estate & construction

NREC announces a net profit of KD 3.3mln for Q1/2022

admin by admin
May 15, 2022
in Real Estate & construction
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  • Operating Revenue: KD 8.3 million
  • EBITDA: KD 5 million
  • Total Assets: KD 598 million

An increase of 138% in NREC’s profits for the period ended March 31, 2022, compared to the same period in 2021

 

Q1 2022

(Million KD)

Q1 2021

(Million KD)

Variance

(%)

Revenue

8.3

5.7

46%

Net Revenue

3.7

3.6

2%

EBITDA

5.0

3.2

58%

Net Profit

3.3

1.4

138%

EPS (fils)

2.22

0.92

141%

Kuwait: National Real Estate Company (NREC), currently…



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