Kuwait – Mubasher: Kuwait Syrian Holding said on Wednesday it generated KWD 675,750 ($2.22 million) net profits for the first nine months of 2015, versus KWD 7.17 million ($23.45 million) net loss logged in the same period a year ago.

The company’s net operating profit amounted to KWD 921,600, against KWD 8.9 million net operating loss in the first nine months of 2014.

Net profit soared by 3182% in the third quarter to KWD 221,450, from KWD 6,700.

The company ascribed the profit rise to an increase in investment profits, against losses incurred last year due to excluding subsidiaries.

H1 net profit reached KWD 454,300 ($1.5 million), against KWD 7.15 million ($23.54 million) net losses.