The shares of the Kamco Investment Company listed on the Kuwait Stock Exchange increased by 4.46% by closing the trading session today, Wednesday, to close at 164 fils, achieving the highest price in 40 months.
The trading on the shares of Kamco Investment Company at that time came through 2.64 million shares with a value of trading 423.53 thousand dinars.
The highest price of the share at that time was at 166 fils during the session, while the lowest price was at 157 fils.
Kamco Infost disclosed its profits during the first quarter of 2025, where it recorded a net profit of 1.18 million dinars, compared to 1.47 million dinars in the same period in 2024.
The company attributed this decrease mainly to the decline in the net fees revenue, in addition to the decrease in the profits achieved from the financial tools residing at fair value through profit or loss.
With regard to the financial position, the total assets of the company decreased by the end of the first quarter of this year by 8.43% to 131.11 million dinars, and operational revenues decreased by 10.94% to 5.70 million dinars.
In terms of annual performance, the company had finished in 2024 with strong results, as the net profit jumped by 481.83% to 4.35 million dinars, compared to profits of 748.12 thousand dinars in 2023.
As for the fourth quarter of 2024, the company recorded profits of 883.11 thousand dinars, compared to 2.14 million dinars during the same period from 2023.
It should be noted that Kamco Infost, listed on the Kuwait Stock Exchange since October 2003, is a public joint stock company that operates within the various financial services sector, and focuses on capital market activities. Its headquarters are located in Kuwait City, where it was established in September 1998.
