Sal­hia Co posts profit

Kuwait Times - - LOCAL -

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.

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