Kuwait-based United Real Estate Company (URC) has reported a 41.64% increase in its Q1 net profit mainly driven by the normalisation and easing of pandemic curbs which resulted in increased revenue from malls, hospitality sector and real estate services.
Kuwaiti developer United Real Estate has reported a KD5.7 million ($18.6 million) operating profit for 2021 compared to operating loss of KD3.2 million ($10.4 million) the previous year. Also, the company trimmed its net losses by 70% to KD4.9 million.
Kuwaiti developer United Real Estate has reported a KD5.7 million ($18.6 million) operating profit for 2021 compared to operating loss of KD3.2 million ($10.4 million) the previous year. Also, the company trimmed its net losses by 70% to KD4.9 million.
Kuwait-based United Real Estate Company has announced that it has completed the work on a key solar power plant, located within Jordan s leading retail destination, Abdali Mall, in capital Amman, in collaboration with AEPCo, a member of the Kipco Group.