The company's profit for the period ended 31 March 2014 was KD 22.8 million compared to KD 8.8 million for the previous year, an increase of 160.9%. The profit for the period ended 31 March 2014 included a gain of KD 6.9 million from the sale of the company’s 12.5% stake in the National Bank of Kuwait. Excluding this gain, the profit for the period would be KD 15.9 million. This increase in the profit was mainly due to the increase in the Group’s revenues which increased by 29.2% from KD 168.4 million in 2013 to KD 217.1 million during 2014. The Group’s revenues for the year 2014 included a gain from the sale of the company’s 12.5% stake in the National Bank of Kuwait amounting to KD 6.9 million. This was mainly due to the increase in the Kuwaiti operations which recorded an increase of 32% from KD 137.5 million in 2013 to KD 181.6 million in 2014. The increase in revenues from the Kuwaiti operations was mainly due to the increase in the trading revenues, which increased by 33.7% from KD 74.7 million in 2013 to KD 100.1 million in 2014. The increase in revenues from the Kuwaiti operations was also due to the increase in the net income from investment activities which increased by 30.8% from KD 19.6 million in 2013 to KD 25.7 million in 2014, which was mainly due to the increase in the Group’s investment in the real estate sector. The Group’s share of the profit of associated companies and joint ventures increased by 36.9% from KD 13.7 million in 2013 to KD 18.8 million in 2014. The increase was mainly due to the increase in the Group’s share of the net profit of Bonyan International Real Estate Investment Company, following an increase in the Group’s equity in Bonyan International from 24.2% in 2013 to 24.6% in 2014. In addition, the increase was due to an increase in the Group’s share of the net profit of Arab Finance Corporation S.A.E (AFC) from KD 12 million in 2013 to KD 14.7 million in 2014. The increase in the Group’s share of the net profit of AFC was mainly due to the increase in the net profit of the company from KD 13.8 million in 2013 to KD 17.2 million in 2014. The increase was due to the sustained recovery in the Egyptian economy and the pick-up in the activity level in the real estate sector. The Group’s equity in associate companies and joint ventures amounted to KD 178.5 million as at 31 March 2014 compared to KD 155.4 million as at 31 March 2013. The increase in the Group’s equity in associate companies and joint ventures was mainly due to the increase in the Group’s equity in Bonyan International, which amounted to KD 44.2 million as at 31 March 2014 compared to KD 37.3 million as at 31 March 2013. The increase was also due to the increase in the Group’s equity in Arab Finance Corporation S.A.E, which amounted to KD 136.6 million as at 31 March 2014 compared to KD 117.4 million as at 31 March 2013. The increase was mainly due to the increase in the book value of the Group’s equity in Arab Finance Corporation S.A.E following the increase in its net profit and the increase in the Group’s dividend income from Arab Finance Corporation S.A.E. The Group’s profit for the year 2014 included a gain on the sale of the 12.5% stake in the National Bank of Kuwait amounting to KD 6.9 million. This was offset by a loss of KD 0.1 million on the sale of the 10% stake in Gulf Bank. The loss on the sale of the 10% stake in Gulf Bank was mainly due to the difference in the carrying amount of the investment and its fair value at the time of the sale. The fair value of the investment was estimated to be KD 0.2 million. The equity of the Company as at 31 March 2014 amounted to KD 156.5 million compared to KD 121.3 million as at 31 March 2013, an increase of 28.9%. The increase in the equity was mainly due to the increase in the profit for the year 2014 and the issuance of new shares. The Company issued 5 million new shares at a price of KD 1.72 per share in July 2014. The Company’s Chairman and the Board of Directors would like to commend the Company’s employees and thank all shareholders for their confidence in the Company. The information provided in this press release has not been audited. Based on the passage above, Summarize the key financial highlights of the company's performance for the year ended 31 March 2014.
The company's profit for the period ended 31 March 2014 was KD 22.8 million compared to KD 8.8 million for the previous year, an increase of 160.9%. The profit for the period ended 31 March 2014 included a gain of KD 6.9 million from the sale of the company’s 12.5% stake in the National Bank of Kuwait. Excluding this gain, the profit for the period would be KD 15.9 million. This increase in the profit was mainly due to the increase in the Group’s revenues which increased by 29.2% from KD 168.4 million in 2013 to KD 217.1 million during 2014. The Group’s revenues for the year 2014 included a gain from the sale of the company’s 12.5% stake in the National Bank of Kuwait amounting to KD 6.9 million. This was mainly due to the increase in the Kuwaiti operations which recorded an increase of 32% from KD 137.5 million in 2013 to KD 181.6 million in 2014. The increase in revenues from the Kuwaiti operations was mainly due to the increase in the trading revenues, which increased by 33.7% from KD 74.7 million in 2013 to KD 100.1 million in 2014. The increase in revenues from the Kuwaiti operations was also due to the increase in the net income from investment activities which increased by 30.8% from KD 19.6 million in 2013 to KD 25.7 million in 2014, which was mainly due to the increase in the Group’s investment in the real estate sector. The Group’s share of the profit of associated companies and joint ventures increased by 36.9% from KD 13.7 million in 2013 to KD 18.8 million in 2014. The increase was mainly due to the increase in the Group’s share of the net profit of Bonyan International Real Estate Investment Company, following an increase in the Group’s equity in Bonyan International from 24.2% in 2013 to 24.6% in 2014. In addition, the increase was due to an increase in the Group’s share of the net profit of Arab Finance Corporation S.A.E (AFC) from KD 12 million in 2013 to KD 14.7 million in 2014. The increase in the Group’s share of the net profit of AFC was mainly due to the increase in the net profit of the company from KD 13.8 million in 2013 to KD 17.2 million in 2014. The increase was due to the sustained recovery in the Egyptian economy and the pick-up in the activity level in the real estate sector. The Group’s equity in associate companies and joint ventures amounted to KD 178.5 million as at 31 March 2014 compared to KD 155.4 million as at 31 March 2013. The increase in the Group’s equity in associate companies and joint ventures was mainly due to the increase in the Group’s equity in Bonyan International, which amounted to KD 44.2 million as at 31 March 2014 compared to KD 37.3 million as at 31 March 2013. The increase was also due to the increase in the Group’s equity in Arab Finance Corporation S.A.E, which amounted to KD 136.6 million as at 31 March 2014 compared to KD 117.4 million as at 31 March 2013. The increase was mainly due to the increase in the book value of the Group’s equity in Arab Finance Corporation S.A.E following the increase in its net profit and the increase in the Group’s dividend income from Arab Finance Corporation S.A.E. The Group’s profit for the year 2014 included a gain on the sale of the 12.5% stake in the National Bank of Kuwait amounting to KD 6.9 million. This was offset by a loss of KD 0.1 million on the sale of the 10% stake in Gulf Bank. The loss on the sale of the 10% stake in Gulf Bank was mainly due to the difference in the carrying amount of the investment and its fair value at the time of the sale. The fair value of the investment was estimated to be KD 0.2 million. The equity of the Company as at 31 March 2014 amounted to KD 156.5 million compared to KD 121.3 million as at 31 March 2013, an increase of 28.9%. The increase in the equity was mainly due to the increase in the profit for the year 2014 and the issuance of new shares. The Company issued 5 million new shares at a price of KD 1.72 per share in July 2014. The Company’s Chairman and the Board of Directors would like to commend the Company’s employees and thank all shareholders for their confidence in the Company. The information provided in this press release has not been audited. Based on the passage above, Summarize the key financial highlights of the company's performance for the year ended 31 March 2014.
user
The company experienced significant financial growth in the year ending 31 March 2014, as its profit increased by 160.9% to KD 22.8 million. This increase was primarily due to an enormous gain from the sale of 12.5% of the National Bank of Kuwait, amounting to KD 6.9 million. Excluding this gain, the profit was still substantial at KD 15.9 million, reflecting strong overall profitability. The company's revenues also saw a notable increase of 29.2% to KD 217.1 million, driven largely by a 32% increase in Kuwaiti operations, which was boosted by a 33.7% rise in trading revenues and a 30.8% rise in net income from investment activities, particularly within the real estate sector. The Group's share of profit from associated companies and joint ventures also grew by 36.9%. The company's equity increased by 28.9% to KD 156.5 million, partially due to the issuance of new shares at KD 1.72 each. The information provided has not been audited.
assistant
The company's profit for the period ended 31 March 2014 was KD 22.8 million compared to KD 8.8 million for the previous year, an increase of 160.9%. The profit for the period ended 31 March 2014 included a gain of KD 6.9 million from the sale of the company’s 12.5% stake in the National Bank of Kuwait. Excluding this gain, the profit for the period would be KD 15.9 million. This increase in the profit was mainly due to the increase in the Group’s revenues which increased by 29.2% from KD 168.4 million in 2013 to KD 217.1 million during 2014. The Group’s revenues for the year 2014 included a gain from the sale of the company’s 12.5% stake in the National Bank of Kuwait amounting to KD 6.9 million. This was mainly due to the increase in the Kuwaiti operations which recorded an increase of 32% from KD 137.5 million in 2013 to KD 181.6 million in 2014. The increase in revenues from the Kuwaiti operations was mainly due to the increase in the trading revenues, which increased by 33.7% from KD 74.7 million in 2013 to KD 100.1 million in 2014. The increase in revenues from the Kuwaiti operations was also due to the increase in the net income from investment activities which increased by 30.8% from KD 19.6 million in 2013 to KD 25.7 million in 2014, which was mainly due to the increase in the Group’s investment in the real estate sector. The Group’s share of the profit of associated companies and joint ventures increased by 36.9% from KD 13.7 million in 2013 to KD 18.8 million in 2014. The increase was mainly due to the increase in the Group’s share of the net profit of Bonyan International Real Estate Investment Company, following an increase in the Group’s equity in Bonyan International from 24.2% in 2013 to 24.6% in 2014. In addition, the increase was due to an increase in the Group’s share of the net profit of Arab Finance Corporation S.A.E (AFC) from KD 12 million in 2013 to KD 14.7 million in 2014. The increase in the Group’s share of the net profit of AFC was mainly due to the increase in the net profit of the company from KD 13.8 million in 2013 to KD 17.2 million in 2014. The increase was due to the sustained recovery in the Egyptian economy and the pick-up in the activity level in the real estate sector. The Group’s equity in associate companies and joint ventures amounted to KD 178.5 million as at 31 March 2014 compared to KD 155.4 million as at 31 March 2013. The increase in the Group’s equity in associate companies and joint ventures was mainly due to the increase in the Group’s equity in Bonyan International, which amounted to KD 44.2 million as at 31 March 2014 compared to KD 37.3 million as at 31 March 2013. The increase was also due to the increase in the Group’s equity in Arab Finance Corporation S.A.E, which amounted to KD 136.6 million as at 31 March 2014 compared to KD 117.4 million as at 31 March 2013. The increase was mainly due to the increase in the book value of the Group’s equity in Arab Finance Corporation S.A.E following the increase in its net profit and the increase in the Group’s dividend income from Arab Finance Corporation S.A.E. The Group’s profit for the year 2014 included a gain on the sale of the 12.5% stake in the National Bank of Kuwait amounting to KD 6.9 million. This was offset by a loss of KD 0.1 million on the sale of the 10% stake in Gulf Bank. The loss on the sale of the 10% stake in Gulf Bank was mainly due to the difference in the carrying amount of the investment and its fair value at the time of the sale. The fair value of the investment was estimated to be KD 0.2 million. The equity of the Company as at 31 March 2014 amounted to KD 156.5 million compared to KD 121.3 million as at 31 March 2013, an increase of 28.9%. The increase in the equity was mainly due to the increase in the profit for the year 2014 and the issuance of new shares. The Company issued 5 million new shares at a price of KD 1.72 per share in July 2014. The Company’s Chairman and the Board of Directors would like to commend the Company’s employees and thank all shareholders for their confidence in the Company. The information provided in this press release has not been audited. Based on the passage above, Summarize the key financial highlights of the company's performance for the year ended 31 March 2014.
user
The company's profit for the year ended 31 March 2014 was KD 22.8 million, an increase of 160.9% from KD 8.8 million in the previous year. The increase was mainly due to the increase in the Group's revenues, which included a gain from the sale of the company's 12.5% stake in the National Bank of Kuwait amounting to KD 6.9 million. The Group's share of the profit of associated companies and joint ventures also increased, and the equity of the Company increased due to the increase in profit and issuance of new shares. The information provided in the press release has not been audited.
assistant
The company's profit for the year ended 31 March 2014 was KD 22.8 million, an increase of 160.9% from KD 8.8 million in the previous year. The increase was mainly due to the increase in the Group's revenues, which included a gain from the sale of the company's 12.5% stake in the National Bank of Kuwait amounting to KD 6.9 million. The Group's share of the profit of associated companies and joint ventures also increased, and the equity of the Company increased due to the increase in profit and issuance of new shares. The information provided in the press release has not been audited. The company experienced significant financial growth in the year ending 31 March 2014, as its profit increased by 160.9% to KD 22.8 million. This increase was primarily due to an enormous gain from the sale of 12.5% of the National Bank of Kuwait, amounting to KD 6.9 million. Excluding this gain, the profit was still substantial at KD 15.9 million, reflecting strong overall profitability. The company's revenues also saw a notable increase of 29.2% to KD 217.1 million, driven largely by a 32% increase in Kuwaiti operations, which was boosted by a 33.7% rise in trading revenues and a 30.8% rise in net income from investment activities, particularly within the real estate sector. The Group's share of profit from associated companies and joint ventures also grew by 36.9%. The company's equity increased by 28.9% to KD 156.5 million, partially due to the issuance of new shares at KD 1.72 each. The information provided has not been audited.