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FINANCIAL NEWS
Kuwaiti-Arzan Group posts 25.5pct grow in profits
18 Aug 2016
(MENAFN) Arzan Financial Group for Financing and Investment recorded a 25.5 percent increase in revenues amid the second quarter of this year.
Meanwhile, earnings also increased to almost KWD734.40mn in the cited quarter 2016, against USD1.94mn in the same period of last year.
However, profits decreased by 36 percent amid the first half of the current year to KWD 1.37mn, compared with KWD 2.14mn in H1, 2015.
In addition, the decline in the first half is attributed to lower profits from investments at the fair value.
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