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Bahrain Kuwaiti Insurance posts higher profits in Q1

Bahrain Kuwaiti Insurance posts higher profits in Q1
The profit growth is mainly attributed to 138% higher operating profits. (Photo Credit: Arabianeye-Reuters)
BKIC
BKIC
5.56% 0.38 0.02

Kuwait-Mubasher: Bahrain Kuwaiti Insurance Company, listed on Kuwait and Bahrain’s bourses, posted a 55.7% rise year-on-year in its first-quarter profits, according to a bourse statement.

Profits reached KWD 774,800 ($2.58 million) in Q1-16, compared to KWD 497,500 ($1.66 million) in Q1-15.

The profit growth is mainly attributed to 138% higher operating profits.