Mubasher: Boubyan Petrochemical reported a growth of 34% in profits during the six months ended on 31 October 2017 compared to the same period in the prior year.
Profits increased to KWD 1.2 million ($3.98 million) in the six months of 2017 compared to nearly KWD 895,720 ($2.97 million) in the corresponding period last year, according to a bourse filing issued on Monday.
The rise of profits is attributed to higher gain from earnings registered by associates and a newly owned subsidiary.
Net operating profit grew by 16.3% to KWD 2.5 million in the six months ended on 31 October 2017 from KWD 2.15 million in the same period a year earlier, the statement added.
