Al Mazaya Q1 profit jumps 256%

Kuwait: Wednesday, April 30 - 2008 at 11:07

Kuwait-based property developer Al Mazaya Holding has announced that it posted a record net profit of $47.74m in the first quarter of 2008, a 256% increase from the $12.37m achieved during the corresponding period one year ago. Earnings per share jumped to 12.79 cents, compared to 3.43 cents during the first quarter of 2007.

Jeff  Florian Jeff Florian, Senior Reporter
Wednesday, April 30 - 2008 at 11:07 UAE local time (GMT+4)

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