Wednesday 21, February 2018 by

Kuwait's Global Investment House annual net profits down 28 per cent

Kuwait-based regional asset management and investment banking firm Global Investment House has announced a net profit of KWD 2.5 million ($8.3 million) for 2017, down from KWD 3.5 million ($11.3 million) in 2016. Total revenues of KWD 14.1 million ($46.7 million) were down KWD 0.6 million on the previous year while fee and commission income of KWD 10.3 million ($34.1million) (73 per cent of total revenues, down from 78 per cent a year earlier) was down from KWD 11.5 million ($37.7 million).

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