NREC Posts KD 11.6 Mln in First Nine Months of 2015Source: www.export-egypt.com 11/16/2015, Location: Middle East |
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The National Real Estate Company (NREC) announced earning KD 11.6 million in net profit of the first nine months of 2015 with earnings of 12.9 fils per share, compared to profits of KD 11.9 million, with earnings of 13.3 fils per share, in the same period last year.
The company said in a statement published on the website of Kuwait exchange (KSE) that total shareholders' equity reached KD 212 million for the first nine months of 2015, compared to KD 200.7 million of the same period in 2014. Total assets reached KD 565.5 million compared to liabilities reaching KD 322.2 million for the first nine months of 2015, in contrast to liabilities of KD 329.2 million of the same period in 2014. The company, established in 1973, was listed in the KSE in 1984 with a paid up capital of KD 94.2 million. The company runs operations in the Middle East and North Africa. NRECs portfolio of projects (completed or under development) includes offices, mixed use centers, industrial parks, residential communities and super-regional malls. In addition to a strong track record in property development, NREC brings experience and required knowledge in property management of commercial complexes and shopping centers. |
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