Kuwait – Mubasher: Boubyan Petrochemical Co. posted a surge of 239% in net profit for the six-month period ended 31 October, 2015.
The company generated KWD 5.73 million ($18.8 million) in net profit, up from KWD 1.69 million ($5.5 million) in the same period of 2014.
The profit jump was ascribed by the company to profiting KWD 3.87 million from available-for-sale investments.
Boubyan earlier reported KWD 3.82 million ($12.61 million) profit for the first quarter ended 31 July 2015.
