Mubasher: Al Ahleia Insurance reported a 4.9% year-on-year profit increase during the second quarter of 2019, recording KWD 2.84 million ($9.36 million).

The Boursa Kuwait-listed company attributed the increase in its profit to the increase in operating income and return on investment (ROI), according to a bourse statement released on Tuesday.

Operating income went up to KWD 14.35 million in Q2-19 versus KWD 14 million in Q2-18.

In the first half of 2019, the company’s profit grew by 7.2% to KWD 5.59 million, compared to KWD 5.55 million the year before.