Mubasher: Al Enmaa Real Estate registered a leap of 142.4% in profits during the first quarter that ended on 31 January 2018 compared to the corresponding period in the previous year.

Earnings soared to about KWD 426,170 ($1.42 million) in Q1 ended on 31 January 2018 from nearly KWD 175,830 ($585,800) in the same quarter a year ago, according to a bourse filing on Monday.

The growth in Q1 profits is attributed to a rise in the net operating profit.

Overall operating revenues declined by 11.5% to KWD 4.83 million in Q1 this year compared to KWD 5.46 million in the same quarter ended on 31 January 2017.