Boubyan Industries turns profitable in first quarter

Kuwait-Mubasher: Boubyan International Industries Holding showed a positive turn in its financial statements for the first quarter ended 31 October, 2015.

The Kuwaiti company achieved earnings worth about KWD 25,010 ($82,350), against losses of nearly KWD 126,240 ($415,650) in the same period of 2014.

Boubyan noted in a bourse filing that the achieved profit resulted from selling assets available for sale.

Mubasher Contribution Time: 10-Dec-2015 06:09 (GMT)