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MarketScreener Homepage  >  Equities  >  HANOI STOCK EXCHANGE  >  Real Estate 11 Joint Stock Co    D11   VN000000D117

REAL ESTATE 11 JOINT STOCK CO

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Real Estate 11 Joint Stock : Ream Real Estate's profit falls 30% in 2018

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04/15/2019 | 04:37am EST

The decline in 2018 profits was attributed to a decrease in the value of property investments

REAMREAM

-18.57% 171.00 -39.00

Mubasher: Ream Real Estate Co reported a 63.7% year-on-year profit surge during the fourth quarter of 2018.

The firm’s profits amounted to KWD 330,650 ($1.09 million) in Q4-18, up from KWD 202,010 ($664,930) in Q4-17, according to a statement to Boursa Kuwait on Monday.

From January to December 2018, Ream Real Estate’s profit tumbled 29.7% to KWD 638,710, against KWD 908,930 a year ago.

The Kuwaiti real estate provider attributed the decline in 2018 profits to a decrease in the value of property investments, coupled with higher administrative and general expenses.

On Sunday, Ream Real Estate Co’s board of directors recommended distributing bonus shares at 5% of paid-up capital or 5-for-100 shares for the full fiscal year 2018.

After announcing the previous-year financial results, Boursa Kuwait resumed trading activities on Ream Real Estate Co’s stock.

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Managers
NameTitle
Kim Hue Thi Tran Chairman & Chief Executive Officer
Thanh Huu Dang Director & Deputy Chief Executive Officer
Giang Khac Nguyen Director & Deputy Chief Executive Officer
Yen Nhi Thi Huynh Director & Chief Accountant
Nhon Thanh Le Director