Kuwait - Mubasher: Investors Holding Group’s profits rose 33.9% in the fourth quarter of 2016 compared to the same quarter in 2015, according to the company’s financial statements.

Profits stood at KWD 457,490 ($1.5million) during Q4-16, compared to KWD 691,700 ($2.27million) in Q4-15.

The company turned to profitability in 2016, as profits reached KWD 42,700 against losses of KWD 548,300 in 2015.

The turn was attributed to investments profits of KWD 12.23 million for 2016, against investments losses of KWD 227,880 in 2015.

The share ended Wednesday’s trading down 1.75% at 28 fils, as liquidity stood at KWD 93,030 through the exchange of 3.32 million shares.