Kuwaiti “Financial Center” profits grow 92% in the first quarter

The Kuwait Financial Center Company announced today, Thursday, that it achieved a 92% increase in its net profit in the first quarter of 2022 compared to the same period last year.

The company said in a statement to the Kuwait Stock Exchange that its net profit amounted to 7.8 million dinars (25.5 million dollars) in the first quarter, compared to 4.1 million dinars a year ago.

It attributed this rise to an increase in the fair value of financial assets through profits and losses.