Salhia Co posts profit

KUWAIT: Salhia Real Estate Company has posted KD 7.9 million ($26.1 million) in net profits for the first half of 2017, the company said yesterday. Earnings per share (EPS) hit 16.1 fils over the six months, a rise of 39.3 percent, compared with the same period last year, it said in a statement. Shareholders’ total equity reached KD 137.2 million ($453.8 million) for the first half of 2017, compared with KD 135.2 million ($447.2 million) in the same period last year, it added. Total assets hit KD 289 million ($956 million), while liabilities reached KD 149.2 million ($493.5 million) for the first six months of 2017, it noted. Established in 1974, Salhia company was enlisted in the bourse in 1984 with a paid-up capital of KD 15.2 million ($169.3 million). The company is operating in selling and buying plots of land and real estate projects inside and outside Kuwait. It also constructs buildings, projects, commercial markets, entertainment centers, tourist facilities and others.