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Kuwait's Global revenue hit USD21.6m in Q1  Join our daily free Newsletter

MENAFN - 24/05/2014
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(MENAFN) The Kuwait-based Global Investment House posted a strong net profit in the January-March period, with a revenue increase of 86 percent to USD21.6 million, The Peninsula #Qatar reported

Global, which completed a second debt restructuring last year, attributed this to the growth from its asset management, investment banking and brokerage businesses.


The firm, which counts the governments of #Kuwait and Dubai as shareholders, posted a net profit of USD11 million, compared to a loss of USD13.8 million in the same period a year earlier.

"We are delighted to have returned on a path of profitability after achieving a sustainable solution to our capital structure during 2013," Chief Executive said.

 
 


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