Abu Dhabi – Mubasher: Al Khaleej Investment (KICO) posted a 65.85% year-on-year rise in its profits during the first quarter of 2017, according to a bourse statement.

Net profits reached AED 6.8 million ($1.85 million) in Q1-17, compared to AED 4.1 million ($1.12 million) in Q1-16.

Rental income grew 0.44% to AED 6.85 million in Q1-17, compared to AED 6.82 million in Q1-16.

The company generated net profits of AED 30.82 million in 2016, compared to AED 27.47 million in 2015.